Compute the mirr statistic for project

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Reference no: EM131966507

1. Compute the MIRR statistic for Project J if the appropriate cost of capital is 9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Project J Time: 0 1 2 3 4 5 Cash flow –$1,700 $560 $1,830 –$590 $510 –$170

2. Five years ago, you took out a 30-year mortgage of $200,000 to purchase your home, based on level monthly repayments. At that time, the annual interest rate was 6.5%. (a) What is your monthly mortgage payment? (b) If you wish to pay off the balance remaining on the mortgage loan today (i.e., 5 years after you entered into the contract), how much must you pay?

Reference no: EM131966507

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