A pension fund is making an investment of $100,000 today and expects to receive $1,600 at the end of each month for the next five years. At the end of the fifth year, the capital investment of $100,000 will be returned. What is the internal rate of return compounded annually  on this investment?

Answer rating: 100% (QA)

1600 each month for each year 12x160019200 present value interest factor annu... View the full answer