A fund of 10000 is set up to pay 250 at the end of each, Finance Basics

A fund of 10000 is set up to pay 250 at the end of each

Question: 1. A fund of $10,000 is set up to pay $250 at the end of each year indefinitely. What is the fund's IRR? (There's no Excel function that answers this question-use some logic!)

2. In the spreadsheet below we calculate the future value of 5 deposits of $100, with the first deposit made at time 0. As shown in Section 1, this calculation can also be made using the Excel function =FV(interest,periods,-amount,,1).

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Finance Basics: A fund of 10000 is set up to pay 250 at the end of each

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Finance Basics: A fund of 10000 is set up to pay 250 at the end of each

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