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You make a $20,000 investment that pays you $6,000 in year 1, $11,000 in year...

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Question

Finance

You make a $20,000 investment that pays you $6,000 in year 1, $11,000 in year 2, $10,000 in year 3, and $1,000 in year 4. What annual rate of return has your investment generated?

choose answer below

16.84%

14.37%

15.62%

17.05%

Answer & Explanation Solved by verified expert
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