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Assume that a persion lives for three equal periods: Youth, Early Adulthood and Late Adulthood.
The person dies after later adulthood period ends.
If one invests $200 in education during Youth,
then that person earns $100 during Early Adulthood and $200 during Late Adulthood. What is the internal rate of return for the $200 investment?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9502178

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