Provide clear definitions for IRR (Internal Rate of Return) and NPV (Net Present Value). Discuss how IRR can be used in the context of life insurance policies. What are the interesting facts and insights about Nigeria as a country and it's insurance industry, comparing it to Canada if applicable?

Answer rating: 100% (QA)

Definitions Internal Rate of Return IRR IRR is a financial metric used to evaluate the profitability of an investment or project It represents the discount rate at which the net present value NPV of a... View the full answer