The nominal value of the loan is 1000000,the interest rate is 5% per annum and the loan matures in 5 years.

Calculate the Irr using BA II PLUS Financial calculator.

01/01/X7 980 000 31/12/X7 (50 000) 31/12/X8 (50 000) 31/12/X9 (50 000) 31/12/20 (50 000) 31/12/X8 (50 000) 31/12/X9 (50 000) 31/12/YO (50 000) 31/12/41 (1 050 000)