Suppose you invest $2000 today and recieve $10,000 in five years.
A) what is the internal rate of return of this opporunity? (round to two decimals places)
B) Suppose another investment opportunity also requires $2000 upfront, but pays an equal amount at the end of each year for the next five years. If this investment has the same IRR as the first one, what is the amount you will recieve each year?
The periodic payment that gives the same IRR is $_______ (round to two decimal)