Question
-1,628,000+115,764+531,585(1-(1/(1+IRR)^5)/IRR)+(((156,300)(1-.35)-115764)/(1+IRR)^5) This equals 22.15% if I typed it up correctly but I need to know how to solve it step by step on solving for
-1,628,000+115,764+531,585(1-(1/(1+IRR)^5)/IRR)+(((156,300)(1-.35)-115764)/(1+IRR)^5)
This equals 22.15% if I typed it up correctly but I need to know how to solve it step by step on solving for IRR.
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
