Question

Benjamin invested the following amounts in a unit trust fund at the beginning of every year for a period of 6 years. Take note that in Year 3 he withdrew an amount from the fund rather than make an investment. At the end of the sixth year he cashed the investment in and received an amount of R65 432. Calculate the internal rate of return (IRR) that he earned on his investment. Year 1 R10 000 2 R5 200 3 (R8 300) 4 R14 800 5 R16 900 6 R2 000 a. 12.82% *b. 14.63% c. 13.26% d. 14.34% e. None of the above

          Benjamin invested the following amounts in a unit trust fund at the beginning of every year
for a period of 6 years. Take note that in Year 3 he withdrew an amount from the fund rather
than make an investment. At the end of the sixth year he cashed the investment in and
received an amount of R65 432. Calculate the internal rate of return (IRR) that he earned
on his investment.
Year
1 R10 000
2 R5 200
3 (R8 300)
4 R14 800
5 R16 900
6 R2 000
a. 12.82%
*b. 14.63%
c. 13.26%
d. 14.34%
e. None of the above

Added by Spencer V.

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