meelee
Apr 24, 2008, 02:49 PM
I am doing an IRR internal rate of return example and I understand all of it but the part where you divide the investment by the annuity and get the approximation. after i get say the # 2.353 then I go to the appendix D for the value of n which is 3 , the solution says the percentage is between 13 and 14 %.
My question is how did they get this estimation or approximation it does not make since to me can you clarify for me please?
My question is how did they get this estimation or approximation it does not make since to me can you clarify for me please?





