The interest rate is $8\%$ p$.$a$.$ compounded monthly.

A project requires an investment of $$1000$ today. It pays $$100$ in $35$ days, $$200$ in $64$ days, $$300$ in $100$ days, and $$450$ in $300$ days.

 

 Calculate the IRR of this project compounded monthly. 

Answer rating: 100% (QA)

To calculate the Internal Rate of Return IRR for the project with the given cash flows and an intere... View the full answer