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Assume that you purchase a property for $200,000 and it generates annual cash flows of $30,000 in years 1-3; and $45,000 in years 4&5. You are able to sell it at the end of year 5 for $400,000. Calculate the IRR for this investment property.
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Thanks for the detailed solution. But I am still getting an incorrect answer. The calculator that I'm using is the HP 10bII+ Financial Calculator and no matter how I enter the values, it doesn't seem to work. Is it possible to get a step by step tutorial of that calculator using the
Thanks for the detailed solution. But I am still getting an incorrect answer. The calculator that I'm using is the HP 10bII+ Financial Calculator and no matter how I enter the values, it doesn't seem to work. Is it possible to get a step by step tutorial of that calculator using the
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