In normal past year question i calculate effective interest rate of a bond using irr.
Why in dec08 the Q3 the answer calculate effective interest rate using this method ie = (in + 1)1/n - 1 or calculate nominal interest rate using this method i = (1 + ie)n - 1 ..
What is the differences of irr and using formula? when should use IRR when should use that formula ?
Why in dec08 the Q3 the answer calculate effective interest rate using this method ie = (in + 1)1/n - 1 or calculate nominal interest rate using this method i = (1 + ie)n - 1 ..
What is the differences of irr and using formula? when should use IRR when should use that formula ?
