You have just invested 10000 in a new fund that pays 1500, Finance Basics

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You have just invested 10000 in a new fund that pays 1500

Question: You have just invested $10,000 in a new fund that pays $1,500 at the end of the next 10 years. What is the compound rate of interest being offered in the fund? (Suggestion: Do this problem two ways: Using Excel's IRR function and using Excel's Rate function.)

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Finance Basics: You have just invested 10000 in a new fund that pays 1500

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Finance Basics: You have just invested 10000 in a new fund that pays 1500

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