flows given in the table below. What is the IRR of the project? (Use percent format and give two decimal places.) Year 0: -$12,000 Year 1:-$3,000 Year 2: $2,000 Year 3: $6,000 Year 4: $6,000 Year 5: $6,000 Year 6:-$2,000 Year 7: $6,000 Year 8: $6,000 Year 9: $6,000 Year 10: $6,000 Typed numeric answer will be automatically saved. 20.33

Investors sometimes fear that a high-risk investment is especially likely to have low returns. Is this fear true? Does a high risk mean the return must be low?

According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?

A mortgage 105m is a loan that a person makes to purchase a house. Table 19.11 provides a list of the mortgage interest rate for several different years and the rate of inflation for each of those years. In which years would it have been better to be a person borrowing money from a bank to buy a home? In which years would it have been better to be a bank lending money?