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Your investment advisor has offered you an investment that will provide you with one cash flow of $169000 at the end of 35 years if you pay premiums
Your investment advisor has offered you an investment that will provide you with one cash flow of $169000 at the end of 35 years if you pay premiums of $350 per year at the end of each year for 35 years. Find the internal rate of return on this investment.
What is the internal rate of return on this investment
____%
Given,Premium =TimeFuture value = $35035 Years$169,000 Internal rate of return = 12.48%