You have ben purchasing $10000 worth of stock annually for the past 15 yeas and now have a portfolio valued
It $ 500,000. What is your annual rate of return?
please provide the solution of this question
IRR will be close to 14%. In excel, you can type 10,000 in 15 rows and -5,00,000 in the 16th row. Use formula =irr and select all the 16 rows, you will get the IRR %.
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