Make-em-happy corp meh has a different security for sale, Engineering Mathematics

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Make-em-happy corp meh has a different security for sale

Question: Make-‘Em-Happy Corp. (MEH) has a different security for sale: You pay MEH $1,000 today and the company will give you back $100 at the end of the first year, $200 at the end of year 2, ... , $1000 at the end of year 10.

a. Calculate the IRR of this investment.

b. Show an amortization table for the investment.

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Engineering Mathematics: Make-em-happy corp meh has a different security for sale

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Engineering Mathematics: Make-em-happy corp meh has a different security for sale

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