1 compute the internal rate of return for the following, Ask an Expert

Finance

1. Compute the internal rate of return for the following cash flows:

Period 0: -2000

Period 1: 1500

Period 2: 550

Period 3: 325

Enter your answer in percent and round to the nearest 0.01

2. You are not thrilled about spending your entire life working. So, you have decided that you will save $6 thousand a year, starting at the end of this year, and retire as soon as you can accumulate $1 million. If you can earn an average of 9.23 percent on your savings, how many years will pass before you get to retire? Enter answer in years, accurate to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92845753

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