You invested $1,000 and received $300 for the first 2 years at the end of each year. At the end of the 3rd year, you sold your investment for $800. The minimum Annual Rate of Return (MARR) is 14%.
But we will solve using the BAII Plus Calculator:
We will write this as:
CF0 = -1000 | |
C01 = 300 | F01 = 2 |
C02 = 800 | F02 = 1 |