FSOT: 500 Test Prep Study Questions

Category - Mathematics & Statistics

A project requiring a $1,000 investment today and yielding $8,800 next year has an internal rate of return (IRR) of
  1. 0.78 percent
  2. 7.8 percent
  3. 78 percent
  4. 780 percent
Explanation
Answer: D - 780 percent
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