Question: please show steps!!! no excel please!!!! QUESTION 19 Suppose that you recently came across an investment product where you will need to pay $500 upfront.

please show steps!!!

no excel please!!!!

QUESTION 19 Suppose that you recently came across an investment product where you will need to pay $500 upfront. In return, you will receive $120 per year for the next 10 years. What is the internal rate of return? 20% 24% 18% 10% 7% QUESTION 19 Suppose that you recently came across an investment product where you will need to pay $500 upfront. In return, you will receive $120 per year for the next 10 years. What is the internal rate of return? 20% 24% 18% 10% 7%

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