Diane buys a statue at the flea market for $4000 at the beginning of 2012. She received annual payments of $500 at the end of each year through 2018 by putting up the statue for show. At the end of 2018, she sells the statue for $5,000. Compute the yield (internal rate of return) Diane earned on her statue

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To calculate the internal rate of return IRR of Dianes investment in the ... View the full answer