aveslbmit Assignment for Grading Check My Work (s remaining) eBook Problem 22-08 An Investor purchases a bond for $921. The bond pays $40 a year for three years and then matures ( is redeemed for $1,000).What is the internal rate of return on that investment? Use Appendix The internal rate of return on a bond is o B and Appendix D to answer the question. Round your answer to the nearest whole number. o This return can be also called as Seleet Interest Factors for the Present Value of One Dollar Period 14% 18% 8% 9% 10% 12% 15% 16% 1 .990 .980 .971 .962 .952 .943 .935 .926 917 .909 .893 .877 .870 .862 .847 .833 .806 .781 2 980 961 943 925 907 890 873 857 842 826 797 769 .756 743718 694 650 610 3 .971 .942 .915 .889 .864 .840 .816 .794 ,772 .751 .712 .675 .658 .641 .609 .579 .524 .477 4 961 924 889 855 823 792 763 735 708 683 636 592 572 552 516 482 423 373 5 951 .906 863 .822 784 .747 .713 .681 .650 .621 .567 .519 .497 .476 .437 .402 .341 .291 5 6 942 888 838 790 746 705 666 630 596 564 507 456 432 410 370 335 275 227 7 933 871 813 760 711 665 623 583 547 513 452 400 376 354 314 279 222 .178 8 923 853 .789 .731 .677 .627 .582 .540 .502 .467 .404 .351 .327 .305 266 233 .179 T39 914 837766 703 645 592 544 500 460 424 36 308 284 263 226 194 144 108 10 .905 .820 .744 .676 .614 558 508 .463 .422 .386 322 .270 .247 227 .191 .162 T16 .085 11 .896 804 ,722 .650 .585 527 .475 .429 .388 .350 287 .237 2is 195 162 .135 .094 .066 12 .887 .788 .701 .625 557 .497 .444 .397 .3s6 319 257 .208-187 .168 137 .112 .076 .052 13 879 773 681 601 530 469 415 368 326 290 229 182 163 145 116 093 061 040 14 870 758 661 577 505 442 388 340 299 263 205 160 141 125 .099 078 049 032 15 .861 743 .642 555 481 .417 .362 315 275 239 183 140 123 108 084 065 040-025 16 853 728 623 534 458394 339 292 252 218 163 123 107 093 071054 032 019 17 844 714 605 513 436371 317 270 231 198 146 108 093 080 060 045 026 015 .836 .700 .587 .494 416 .350 296 250 212 .180 .130 .095 081 069 051 038 .021 012 19 .828 .686 570 .475 .396 .331 .276.232-194 .164 116 .083 .070 060 .043 031 .017 .009 20 820 .673 .554456 .377 .312 .258 215 .178 149 104 .073 061 .051 .037 .026 014 007 25 780 610478 375 295 233 184 146 116 092 059 038 030 024 016 010 005 002 30 742 552 412 308 231 174131 099 075 057 033 020 015 012 007 004 002 001 Interest Factors for the Present Value of an Annuity of One Dollar Period 16% 18% 14% 7% 10% 12% 5% 6% 8% 9% 3% 4% 1% 2% 10.990 0.980 0.971 0962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 2 1970 1.942 1913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 3 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.246 2.174 2.106 1.981 1.868 1766 1.674 4 3902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1.966 5 4853 4.713 4580 4.452 4.329 4212 4.100 3.993 3.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2.532 2.345 2.181 2 6 5.795 5.601 5.417 5.242 5.076 4.917 4.766 4.623 4.486 4.355 4.111 3.889 3.685 3.498 3.326 3.020 2.759 2.534 2.399 76.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4564 4.288 4.039 3.812 3.605 3.242 2.937 2.678 2455 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.344 4.078 3.837 3.421 3.076 2.786 2.540 9 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.985 5.759 5.328 4.946 4.607 4.303 4.031 3.566 3.184 2.868 2.603 10 9.471 8.983 8.530 8.111 7.722 7.360 7024 6.710 6.418 6.145 5.650 5.216 4.833 4.494 4.193 3.682 3.269 2930 2.650 2 11 10.368 9.787 9.253 8.760 8.306 7.887 7499 7.139 6.805 6.495 5.988 5.453 5.029 4656 4.327 3.776 3.335 2.978 2683 12 11.255 10.575 9.954 9.385 8.863 8.384 7943 7.536 7161 6.814 6.194 5.660 5.197 4793 4.439 3.851 3.387 3.013 2.708 13 12.134 11.348 10.635 9986 9.394 8.534 8.358 7904 7,487 7.103 6.424 5.842 5.342 4.910 4.533 3.912 3.427 3.040 2.727 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.468 5.008 4.611 3.962 3.459 3.061 2.740 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.060 7.606 6.811 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.312 7.824 6.974 6.265 5.669 5.162 4.730 4.003 3.503 3.088 2.758 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8544 8.002 7.120 6.373 5.749 5.222 4.775 4.059 3.518 3.097 2.763 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 5.818 5.273 4.812 4.080 3.529 3.104 2.767 19 17226 15.67814324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7366 6555.877 5316 4844 4097 3539 3109 2770 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.128 8.514 7.469 6.623 5929 5.353 4.870 4.110 3.546 3.113 2.772 0 25 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 6.873 6.097 5.467 4.948 4.147 3.564 3.122 2.776 30 25.808 22.937 19.600 17.292 15.373 13.765 12.409 11.258 10:274 9.427 8.055 7.003 6.177 5.517 4979 4.160 3.569 3.124 2.778