0 = –$520,800 + $228,850 / (1 + IRR) + $245,450 / (1 + IRR)2 + $212,110 / (1 + IRR)3 + $160,820 / (1 + IRR)4
solution ?
0 = –$520,800 + $228,850 / (1 + IRR) + $245,450 / (1 + IRR)2 + $212,110 / (1 + IRR)3 + $160,820 / (1 + IRR)4:
IRR=24.27%
When the calculation is carried out to at least 5 decimal places, it gives a more precise number=24.29854%
