you plan on taking a cruise every 2 years, starting a year from now and...
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you plan on taking a cruise every 2 years, starting a year from now and ending in 41 years (i.e., cruises at t = 1, 3, 5, , 41). you expect each cruise to cost $3,000. how much do you need to deposit today, in an account that pays 10%, annual compounding, to fund these vacation plans?
what is the IRR on a project that requires an initial investment of $100 million (at t = 0) and will generate a single expected cash flow of $161.05 million in 5 years (at t = 5)?
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