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Hi
This might sound really daft but every time I try to calculate the IRR range on my calculator, I end up with a silly number nowhere close to the answer.
for instance, I can’t get the 6.02% on my calculator as per the below equation:
5% + (5.06/5.06+19.77) * 10%-5% = 6.02%
Can anyone please help and tell me where I’m going wrong. I have a Casio Fx-82MS and this seems to be the only number crunching bit (but an important one) which am unable to calculate right. it’s most likely just me not doing it right. I have tried numerous other ways but so far am unable to get the magic number
Thanks
You have to watch your brackets in your calculator !
5% + (5.06 / (5.06 + 19.77)) * (10%-5%) = 6.02
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