Assume you invest $4,000 today in an investment that promises to return $9,000 in exactly 10 years.
Question:
Assume you invest $4,000 today in an investment that promises to return $9,000 in exactly 10 years.
a. Use the present value technique to estimate the IRR on this investment.
b. If a minimum annual return of 9% is required, would you recommend this investment?
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The present value is 4000 The value in 10 years will be 9000 a Using present value the IR...View the full answer
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Related Book For 
Fundamentals Of Investing
ISBN: 9780134083308
13th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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