Determining the internal rate of return

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Define the term "internal rate of return". Assume an investment of $50,000 with an expected return of $15,000 per year for 5 years. What is the approximate internal rate of return?

Reference no: EM131112048

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Determining the internal rate of return : Define the term "internal rate of return". Assume an investment of $50,000 with an expected return of $15,000 per year for 5 years. What is the approximate internal rate of return?
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