An investor invested $50,000 at the beginning. He received the following cash flows from the investment. End of Year 1 12,554 10,945 24,553 4 If the internal rate of return (IRR) of this investment is 8.53%, what must have been the amount he received at the end of year 2?

An investor invested $50,000 at the beginning. He received the following cash flows from the investment. End of Year 1 12,554 10,945 24,553 4 If the internal rate of return (IRR) of this investment is 8.53%, what must have been the amount he received at the end of year 2?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 10EB: You have been depositing money into an account yearly based on the following investment amounts,...

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Question

what is the amount he received at the end of year 2?

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An investor invested $50,000 at the beginning. He received the following cash flows from
the investment.
End of Year
$
12,554
1
?
10,945
24,553
3
4
If the internal rate of return (IRR) of this investment is 8.53%, what must have been the
amount he received at the end of year 2?

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