Question
2. A deposit of $1,000 is made into an investment fund at time 0. After 3 months, $300 is injected into the fund. After 8
2. A deposit of $1,000 is made into an investment fund at time 0. After 3 months, $300 is
injected into the fund. After 8 months, $200 is withdrawn from the fund. No other deposits or
withdrawals are made. The fund balance after 1 year is $1,000.
(a) Find the internal rate of return (IRR).
Could you please show me how to calculate the IRR of this investment? the suggested answer is -8.629% and i have no idea how to get this answer.
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
