Question
Find the rate of return of the following cash flow: Year Cash Flow 0 -$15,000 1 10,000 2 -8,000 3 11,000 4 13,000 (1) Determine
Find the rate of return of the following cash flow:
| Year | Cash Flow |
| 0 | -$15,000 |
| 1 | 10,000 |
| 2 | -8,000 |
| 3 | 11,000 |
| 4 | 13,000 |
(1) Determine how many roots are possible
(2) Graph the PW versus the interest rate to see whether multiple roots occur.
The answer is a unique root at 21.2% but how do you get that using excel? please show formulas used.
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Short Term Financial Management
Authors: Ned C Hill
1st Edition
0023548207, 978-0023548208
