What is the irr of the given investment

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Reference no: EM131476977

Question: Screw-‘Em-Good Corp. has just announced a revolutionary security: If you pay SEG $1,000 now, you will get back $150 at the end of each of the next 15 years. What is the IRR of this investment?

Suggestion: Do this problem two ways-once using Excel's IRR function and once using Excel's RATE function (illustrated below).

Reference no: EM131476977

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