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Healthcare Administrator makes $100,000 per year, borrowed $25000 from lenders to pay for Master's Program at 5.84%. the payback time that the school is giving is 20years but I plan on pay the $25000 back within 6years. Determine how much compensation (return) you expect to earn and how long will it take to pay back the return on this investment. Use the financial formulas, Internal Rate of Return (IRR), and Payback. show how you got the answer.

Financial Management, Finance

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