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What is irr and mirr and what''s their importance in finance

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Finance - Contemporary Issues in Finc Practice - two discussion problem

The time value of money is an important concept within finance, let's discuss the concept involved with moving money forward (compounding) or moving the value of money back time (discounting). Why is important to understand both approaches. Provide an example of each approach.

Let's discuss Internal Rate of Return (IRR) and Modified International Rate of Return (MIRR). What is IRR and MIRR and what's their importance in finance?

Reference no: EM131065242

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