Question
An investment costs $465 and is expected to produce cash flows of $100 at the end of Year 1, $200 at the end of Year
An investment costs $465 and is expected to produce cash flows of $100 at the end of Year 1, $200 at the end of Year 2, and $300 at the end of Year 3. What is the expected rate of return on this investment ? (11.71%)
The answer is in bracket, but i want to know how to get the answer, by using financial calculator.
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Auditing Principles Techniques And Practices
Authors: Mustaq Ahmad, Mohd Ashraf Ali
1st Edition
8184841949, 978-8184841947
