At the end of the fifth year the capital investment of, Financial Management

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At the end of the fifth year the capital investment of

A pension fund is making an investment of $100,000 today and expects to receive $1,600 at the end of each month for the next five years.

At the end of the fifth year, the capital investment of $100,000 will be returned. What is the internal rate of return compounded annually on this investment?

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Financial Management: At the end of the fifth year the capital investment of

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