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What is the IRR of a project (or investment) where you must invest $10,000 currently, and receive $10,000 at the end of year 1 and
What is the IRR of a project (or investment) where you must invest $10,000 currently, and receive $10,000 at the end of year 1 and $20,000 at the end of year 2 ? Do not use MS Excel. Would you decide to invest if you know that the bank would pay 5% interest on a semi-annual basis? Justify your choice
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