Question
Find the IRR of a three year investment of $10000 that returns the following amounts at the end of three years. $400, $500 $10600 If
Find the IRR of a three year investment of $10000 that returns the following amounts at the end of three years.
$400, $500 $10600
If im correct the formula is -10000+400(1+r)^-1+500(1+r)^-2+10600(1+r)^-3 but i cant find a distinct way to solve for r i can use the guess and check method but that takes too long
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
