Determine the rate of return for the following cash flow series.


0 = -4000 – 300(P/A,i*,4)(P/F,i*,1) - 100(P/A,i*,3)(P/F,i*,5) + 12,000(P/F,i*,8)

Solve for i* by trial and error or spreadsheet

i* = 11.7% (spreadsheet)

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