Question
Assume you invest $3,000 today in an investment that promises to return $7517 in exactly 10 years. a. Use the present-value technique to estimate the
Assume you invest $3,000 today in an investment that promises to return $7517 in exactly 10 years.
a. Use the present-value technique to estimate the IRR on this investment.
b. If a minimum annual return of 11% is required, would you recommend this investment?
The IRR of the investment is %. (Round to the nearest whole percent.)
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Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
