Question

Quaku began his investing program with a $7,000 initial investment and was repaid his initial investment...

Quaku began his investing program with a $7,000 initial investment and was repaid his initial investment at the end of year three. During this period he made $1,000, by the end of year one, $1,500 ending year two and $2,000 ending year three. What is his IRR for this investment?

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Answer #1

Solution:

The IRR for this Investment = 20.54 %

Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.

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