Lachlan is going to invest NZ$4,000 today in an investment that promises to return NZ$9,000 in exactly
Question:
Lachlan is going to invest NZ$4,000 today in an investment that promises to return NZ$9,000 in exactly 10 years.
a. Use the present value technique to estimate the IRR of his investment.
b. If Lachlan requires a minimum annual return of 9%, would you recommend this investment?
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Related Book For
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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