August 2004
Intermediate to advanced
656 pages
15h 28m
English
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Internal Rate of Return, IRR
PW(i), FW(i), and AE(i) all express the cash-flow stream as an equivalent dollar amount in some time frame. In contrast, the internal rate of return, IRR, expresses the cash-flow stream in terms of an interest rate. Technically, the IRR is the interest rate that causes the present worth of the expenses to equal the present worth of the income. It's exactly the “critical i” that brings the PW(i) to zero, as shown above in Figure 8.2. In plain English, this means that if you mimic the proposal's cash-flow stream at a bank (i.e., you deposit exactly those same payments and withdraw exactly those same receipts at exactly those same times), the IRR is the interest rate that the bank has to pay for you to end up with a ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.