What is the internal rate of return for investment


Question: Angelo has an opportunity to invest in a property that is expected to earn $14,000 in income at the end of the first year followed by $20,000 at the end of year two, $25,000 at the end of year three, $30,000 at the end of year four and five. The asking price for the property is $300,000 and he anticipates selling it for $375,000 at the end of the five year period. What is the internal rate of return for this investment? Group of answer choices Between 10% and 11%. Between 9% and 10%. Between 12% and 13%. Between 11% and 12%.

 

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Accounting Basics: What is the internal rate of return for investment
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