Billy and mandy jones have 21000 to invest on average they, Ask an Expert

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Billy and Mandy Jones have ?$21,000 to invest. On? average, they do not make any investment that will not return at least 7.7?% per year. They have been approached with an investment opportunity that requires ?$21,000 upfront and has a payout of ?$6,200 at the end of each of the next 5 years.

Using the internal rate of return? (IRR) method and their? requirements, determine whether Billy and Mandy should undertake the investment. (round to one decimal place)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92332036

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