What is the effective annual rate of return per month

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Reference no: EM13182227

Your company invests funds in Greece. The company claims that the investment will grow to 10 times the original investment over the next 20 years. The company allows you to invest $200 per month for the next 20 years in this activity. If, in fact, the original investment in Greece performs as advertised, what is the effective annual rate of return (IRR) on your contribution of $200 per month for 20 years?

Reference no: EM13182227

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