You are considering an investment opportunity that will cost you $15,000 up front,and return $5,000 per year for 10 years,with the first payment 5 years from today.What is the IRR for this investment?
A)13.4%
B)12.3%
C)12.8%
D)14.4%
E)15%

Question

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The Answer of You are considering an investment opportunity that will cost you $15,000 up front,and return $5,000 per year for 10 years,with the first payment 5 years from today.What is the IRR for this investment?
A)13.4%
B)12.3%
C)12.8%
D)14.4%
E)15%

You Are Considering an Investment Opportunity That Will Cost You