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What is the internal rate of return for a project that has a net investment of $60,000 and the following net cash flows: Year 1 = $15,000; Year 2 = $20,000; Year 3 = $25,000; Year 4 = $30,000?
360-Day Year
An accounting method that simplifies interest calculation by assuming all months have 30 days, resulting in a 360-day year.
Total Amount
The complete sum or quantity of something.
Ordinary Interest
Interest calculated based on a 360-day year, typically used in banking and finance for loans and savings.
Total Amount
The aggregate or final sum of various components, such as the total cost, payment, or investment value.
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