When Using Microsoft^© Excel to Calculate the Internal Rate of Return

question 41

Multiple Choice

When using Microsoft^© Excel to calculate the internal rate of return, which item can you safely omit from the function wizard and still calculate the internal rate of return?

• A) The initial cash flow
• B) The annual cash flows
• C) A guess at the internal rate of return
• D) None of these answer choices are correct

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Definitions:

Material Fact

A fact that could influence the decision-making of an individual or entity, such as in a legal contract or in financial disclosures.

Furnished Information

Data or details provided, often to an authority or for a specific purpose, which are supplied or equipped by a party.

Fraudulent Misrepresentation

Deception used to induce someone into a contract, involving false statements that the speaker knows to be untrue.

Fraudulent Misrepresentation

A false statement of fact made knowingly, or without belief in its truth, or recklessly, intended to induce another party to enter into a contract.