Upvote to first correct answer, watching this closely. Will give vote on your response immediately:

An insurance firm agrees to pay you $5,404 at the end of 28 years if you pay

premiums of $173 per year at the end of each year for 28 years. Find the internal

rate of return to the nearest whole percentage point. Assuming you normally earn a

return of 7 percent on your investments, is this a good deal or a bad deal?

Group of answer choices

a. 0.60%; good deal

b. 0.80%; bad deal

c. 0.50%; bad deal

d. 0.50%; good deal

e. 0.80%; good deal