Question

A small business promises a profit of $8000 on an initial investment of $20 000 after...

A small business promises a profit of $8000 on an initial investment of $20 000 after 5 years.

(a) Calculate the internal rate of return.

(b) Would you advise someone to invest in this business if the market rate is 6% compounded annually?

I don't get it to find the future value?

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