What Is the Approximate IRR of a Project That Requires

question 116

Multiple Choice

What is the approximate IRR of a project that requires an investment of $9,900 today and will generate $1,500 per year for ten years and an additional $10,000 at the end of the tenth year?

• A)8.37%
• B)11.75%
• C)14.43%
• D)15.20%

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Definitions:

Personal Finance Software

Applications designed to help individuals manage their finances, including budgeting, expense tracking, and investment analysis.

Virtual Environment

A simulated digital space that provides an immersive user experience, often used in software development and testing, gaming, and virtual reality applications.

Database

A structured set of data held in a computer, especially one that is accessible in various ways.

Slide Show Software

A program designed to create and present a sequence of visuals, such as images and text, for educational or entertainment purposes.