Question
A small business promises a profit of $8000 on an initial investment of $20 000 after 5 years. (a) Calculate the internal rate of return.
A small business promises a profit of $8000 on an initial investment of $20 000 after 5 years.
(a) Calculate the internal rate of return.
(b) Would you advise someone to invest in this business if the market rate is 6% compounded annually?
I don't get it to find the future value?
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University Auditing In The Digital Era Challenges And Lessons For Higher Education Professionals And CAEs
Authors: Sezer Bozkus Kahyaoglu; Erman Coskun
1st Edition
0367553228, 9780367553227
