What is the mirr and should you sell your house

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Question - You are debating if you should sell your house and start renting. If you sell your house, you will net $250,000 after paying off your mortgage. However, you expect that you would have to pay an extra $20,000 per year for the next 30 years starting a year from today if you rented the equivalent house. If your discount rate is 6%, what is the MIRR and should you sell your house?

Reference no: EM133015559

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