Elizabeth Myers invested in a project that required an initial amount of $1,560,and returned one cash inflow of $12,000 at the end of the 18th year.A partial table of the present value of an annuity of $1 in arrears is as follows: What is the internal rate of return for this investment?

Question

Elizabeth Myers invested in a project that required an initial amount of $1,560,and returned one cash inflow of $12,000 at the end of the 18th year.A partial table of the present value of an annuity of $1 in arrears is as follows:  What is the internal rate of return for this investment?

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The Answer of Elizabeth Myers invested in a project that required an initial amount of $1,560,and returned one cash inflow of $12,000 at the end of the 18th year.A partial table of the present value of an annuity of $1 in arrears is as follows:  What is the internal rate of return for this investment?

Elizabeth Myers Invested in a Project That Required an Initial