When Using the Internal Rate of Return Function in Microsoft^©

question 119

True/False

When using the internal rate of return function in Microsoft^© Excel to calculate the internal rate of return, the initial cash flow at time zero is omitted from the range selected for the function because it is not discounted.
Material from the appendix to the chapter is marked with an asterisk (*).

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Definitions:

Raising Taxes

The act of increasing the financial charges imposed by the government on individuals' income, corporate profits, or transactions.

Complement of Event

In probability theory, the set of all outcomes in the sample space that are not included in the given event, essentially representing the opposite of the event.

Probability

A quantification of an event's chance of happening, displayed as a figure between 0 and 1, where 0 denotes that the event is impossible and 1 denotes absolute certainty of the event occurring.

Occurs

Takes place or happens, often used in the context of events or phenomena that are observed.