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year CF 0 $ (4,000) 1 $ 16,400 2 $ 22,320 3 $ 10,080 d) Now, using the following formula, calculate the External Rate of
| year | CF |
| 0 | $ (4,000) |
| 1 | $ 16,400 |
| 2 | $ 22,320 |
| 3 | $ 10,080 |
d) Now, using the following formula, calculate the External Rate of Return (ERR) of the cashflows above, assuming a yield of 10%
/(1 + )^ = / (1 + )^
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The Economics Of Money Banking And Finance
Authors: Howells, Keith Bain
3rd Edition
0273693395, 978-0273693390
