A solar panel has an installed cost

Reference no: EM13700862

A solar panel has an installed cost of $2900, and it reduces the homeowner’s energy bill by $29 per month. The residual value of the solar panel is negligible at the end of it's 10-year life. What is the annual effective IRR of this investment IRR % (round to 2 decimal places?)

Reference no: EM13700862

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