Question: Sam promises to pay Sandy $ 2 , 0 0 0 in four years and another $ 3 , 0 0 0 four years later

Sam promises to pay Sandy $2,000 in four years and another $3,000 four years later for a loan of $2,000 from Sandy today. What is the annual yield (IRR)
that Sandy receives?
a.18.1%
b.16.2%
c.17.7%
d.14.7%
 Sam promises to pay Sandy $2,000 in four years and another

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