Question: please explain step by step a) Suppose you invest 100 thousand dollars in a bank account. After 2 years you get 120 thousand dollars. Assume

 please explain step by step a) Suppose you invest 100 thousand

please explain step by step

a) Suppose you invest 100 thousand dollars in a bank account. After 2 years you get 120 thousand dollars. Assume yearly compounding. i. Draw the cash flow diagram. ii. Find the Internal Rate of Return (IRR) of the investment. Is this investment attractive if MARR=10%? iii. Find the External Rate of Return (ERR) by using a MARR %10. Is this investment attractive

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