2 What is the IRR for an investment of $X that returns $Y at the end of each year for N years? X= Y= N= (Boun $7,000 $585.57 38 years Try Again decim cal

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
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2 What is the IRR for an investment of $X that returns $Y at the end of each year for N years?
X=
Y=
N=
$7,000
$585.57
38 years
Try Again
(Round your answer to one decimal place)
Transcribed Image Text:2 What is the IRR for an investment of $X that returns $Y at the end of each year for N years? X= Y= N= $7,000 $585.57 38 years Try Again (Round your answer to one decimal place)
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