Unformatted text preview: FV 0 1 2 3 4 5 6 7 8          12% 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 13,440 15,053 16,859 18,882 21,148 23,686 26,528 Answers and Solutions: 11  4 52,125 MIRR = 13.89% 147,596 Financial calculator: Obtain the FVA by inputting N = 8, I/YR = 12, PV = 0, PMT = 12000, and then solve for FV = $147,596. The MIRR can be obtained by inputting N = 8, PV = 52125, PMT = 0, FV = 147596, and then solving for I = 13.89%....
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 Spring '08
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