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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 1
A real estate investment is available at an initial cash outlay of $10,000 and is expected to yield cash flows of $3,343.81 per year for five years. The internal rate of return is approximately:
A) 2 percent.
B) 20 percent.
C) 23 percent.
D) 17 percent.
A) 2 percent.
B) 20 percent.
C) 23 percent.
D) 17 percent.
Explanation
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The IRR can be computed using the "IRR" ...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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