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8. Consider the following: You need a $250,000 financing package. $125,000 at 9%, 30 Years $75,000 at 8%, 20 Years $50,000 at 7% 10 Years

8. Consider the following:

  • You need a $250,000 financing package.
  • $125,000 at 9%, 30 Years
  • $75,000 at 8%, 20 Years
  • $50,000 at 7% 10 Years

  1. What is the IRR (that is, the effective interest rate) on the $250,000 borrowed? Assume monthly payments.

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