Trial and Error Is the Only Way to Compute the Internal

question 97

True/False

Trial and error is the only way to compute the internal rate of return (IRR) when interest is calculated over five or more periods.

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Definitions:

Avoid

In legal terms, to nullify or declare a contract void and unenforceable, as if it never existed.

Reasonable Person

A legal standard used to determine how an average person would responsibly act in certain circumstances.

Duty

A legal or moral obligation to act or refrain from acting in a certain way.

Standard

A set of established criteria, guidelines, or definitions used to measure or compare the quality, quantity, or value of products, services, or practices.