Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years,then an additional lump sum payment of $17,750 at the end of the 5th year.What is the expected rate of return on this investment?
A) 18.27%
B) 13.50%
C) 20.42%
D) 18.73%
E) 19.17%
Correct Answer:
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