Question
Based on the information below what are the steps for calculating the IIR? How is the IRR calculated = 16.61 % $0 = (-$5,000) +
Based on the information below what are the steps for calculating the IIR? How is the IRR calculated =16.61 %
$0 = (-$5,000) + $1,700 (1 + IRR)1+ $1,900 (1 + IRR)2+ $1,600 (1 + IRR)3+ $1,500 (1 + IRR)4+ $700 (1 + IRR)5
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Hospitality Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
2nd Edition
9780470598092, 470083603, 978-0470083604
