If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $500 for 5 years the internal rate of return is
A)0%.
B)5%.
C)10%.
D)15%.

Name: If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $500 for 5 years the internal rate of return is A)0%. B)5%. C)10%. D)15%.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

The Answer of If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $500 for 5 years the internal rate of return is
A)0%.
B)5%.
C)10%.
D)15%.

If a Person Is Going to Borrow $30,000 for a Car