Question
Suppose you invest $5100$5100 today. Six months later you receive $200$200 from that investment, that you reinvest immediately. One year after the initial investment, you
Suppose you invest $5100$5100 today. Six months later you receive $200$200 from that investment, that you reinvest immediately. One year after the initial investment, you re-invest $2295$2295, that pays back $7982.5$7982.5 six months later. What is the internal rate of return of this whole transaction?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
