Question
Based on end of quarter (once every 3 months) cash flows, the Excel calculated interest using the IRR formula/function for 3 years of cash flows,
Based on end of quarter (once every 3 months) cash flows, the Excel calculated interest using the IRR formula/function for 3 years of cash flows, 12 cash flows in total after the year 0 investment, was 1.80%. What is the annual equivalent rate of return, ROR, on this investment?
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Real Estate Finance Theory And Practice
Authors: Terrence M. Clauretie, G. Stacy Sirmans
5th Edition
0324305508, 9780324305500
