An investment of $185,575 is expected to generate returns of $65,000 per year for each of the next four years. What is the investment's internal rate of return?
Below is a table for the present value of $1 at compound interest.
Definitions:
Appreciate
To increase in value or price over time.
Fix Exchange Rate
A government or central bank policy of setting the exchange rate of a currency relative to other currencies.
Dollar-Yen Foreign Exchange
The exchange rate between the U.S. dollar and the Japanese yen, indicating how much yen can be exchanged for one U.S. dollar in the foreign exchange markets.
Trade Deficit
An economic condition that occurs when a country imports more goods and services than it exports.
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