Your great-grandmother saved $100 to deposit into an account when each of her children was born, including your grandfather. On his 70th birthday, the value of your grandfather's account was $278,780. What is the IRR of this investment over this 70-year period? a. 10% b. 18% c. 12% d. 2788% e. You cannot find the IRR without knowing the MARR first
Your great-grandmother saved $100 to deposit into an account when each of her children was born, including your grandfather. On his 70th birthday, the value of your grandfather's account was $278,780. What is the IRR of this investment over this 70-year period? a. 10% b. 18% c. 12% d. 2788% e. You cannot find the IRR without knowing the MARR first
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Your great-grandmother saved $100 to deposit into an account when each of her children was
born, including your grandfather. On his 70th birthday, the value of your grandfather's
account was $278,780. What is the IRR of this investment over this 70-year period?
a. 10%
b. 18%
c. 12%
d. 2788%
e. You cannot find the IRR without knowing the MARR first
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