A high school student counselor for college education advises a senior that if she attends a private college to which she has been accepted, her annual cost after scholarship will be $12000 for each of four years. After graduating, she can expect to earn for the next twenty years $8000 year more a year than she would have if she did not go to college. a. What is the internal rate of return on this investment?

A high school student counselor for college education advises a senior that if she attends a private college to which she has been accepted, her annual cost after scholarship will be $12000 for each of four years. After graduating, she can expect to earn for the next twenty years $8000 year more a year than she would have if she did not go to college. a. What is the internal rate of return on this investment?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter13: Investment Fundamentals

Section: Chapter Questions

Problem 2DTM

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