if an investment in a company return 4x the money in 6 years. what is the approximate IRR? whats the work behind it?
A = P (1+0.01r)^n
4x = x (1+0.01r)^6
(4)^(1/6) = 1+.01r
1.259 = 1+0.01r
solving we get , 0.01 r = 0.259
or r = 25.9 % or 26%
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