Question: 4. Use the Cash Flow and IRR command on your calculator to compute the effective interest rate i if you invest $1,000 now, receive $500

4. Use the Cash Flow and IRR command on your calculator to compute the effective interest rate i if you invest $1,000 now, receive $500 in one year, pay $700 in two years, and receive $1,400 in three years. Verify directly that v =11+isolves the polynomial equation 1000 = 500v 700v2 + 1400v3.

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