You are able to buy an investment today for $1,000 that gives you the right to receive

Question:

You are able to buy an investment today for $1,000 that gives you the right to receive $438 in each of the next three years. What is the on this investment?
Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...