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How does IRR work in real life ?

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  1. #1
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    12-28-2009
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    Sydney,Australia
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    Excel 2003
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    How does IRR work in real life ?

    When you get a loan , the bank will give an interest rate from which you can make a series of payments by choice.

    but IRR works the other way. It will look at all the series of payments and then determine the interest rate.
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