Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am trying to get IRR using my TI-84 calculator - I am having difficulties with what input I need to enter because I do

image text in transcribed

I am trying to get IRR using my TI-84 calculator - I am having difficulties with what input I need to enter because I do not have the cash flows values

the formula is IRR {- initial outlay, {cash flows}, {cash flows count} ) => so IRR {-375, {x}, {3})? Please help - what am I missing there has to be way to find IRR other than solving it by factoring and simplifying

Example You can purchase a building for $375,000. The investment will generate $25,000 in cash flows (i.e. rent) during the first three years. At the end of three years you will sell the building for $450,000. What is the IRR on this investment? 25,00025,000475,000 0 -375,000 IRR 12.56% 8-21

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions