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An insurance firm agrees to pay you $3,310 at the end of 20 years if you pay a premium of $100 per year at the end of each of the 20 years. Find the internal rate of return to the nearest whole percentage point.

A. 5%

B. 11%

C. 9%

D. 3%

E. 7%

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92429551

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