Consider the following cash flow: Year Cash Flow o..........................-$1000 1....................................0 2.............................+300 3.............................+300 4.............................+300 5.............................+300 Compute the rate

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Consider the following cash flow:

Year             Cash Flow

o..........................-$1000

1....................................0

2.............................+300

3.............................+300

4.............................+300

5.............................+300

Compute the rate of return on the $1000 investment to within 0.1%.

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