First Payment 1000

Growth rate of payments 10%

Number of future periods paid 11
Discount rate 15%
Period Payment
1 129.29
2 142.21
3 156.43
4 172.08
5 189.29
6 208.21
7 229.04
8 251.94
9 277.13
10 304.85
11 335.33
NPV ($0.00)
IRR? 5%

Payment
Principal at at end of
Year Cash flow Year beginning of year year Income Principal
0 -800 1 800 300 40.54704 259.453
1 300 2 540.54703576098 200 27.39697 172.603
2 200 3 367.94401074785 150 18.6488 131.3512
3 150 4 236.59280945014 122 11.99142 110.0086
4 122 5 126.58423083209 133 6.415769 126.5842
5 133 6 0 0
Date Cash flow
30-Jun-07 -899
14-Feb-08 70
14-Feb-09 70
14-Feb-10 70
14-Feb-11 70
14-Feb-12 70
14-Feb-13 1070

IRR 10.04%
 XNPV - NET PRESENT VALUE
Annual discount rate 12%

Date Cash Flow

30-Jun-07 -500
14-Feb-08 100
14-Feb-09 300
14-Feb-10 400
14-Feb-11 600
14-Feb-12 800
14-Feb-13 -1800

Net present value 59.76

 XNPV - NET PRESENT VALUE
Annual discount rate 12%

Date Cash Flow rate

30-Jun-07 -500 0% -100
14-Feb-08 100 1% -74.97564
14-Feb-09 300 2% -52.78219
14-Feb-10 400 3% -33.16367
14-Feb-11 600 4% -15.88752
14-Feb-12 800 5% -0.742415
14-Feb-13 -1800 6% 12.46386
7% 23.90619
80 8% 33.74379
60 Chart Title 9% 42.12167
40 10% 49.17198
20 11% 55.01519
0 12% 59.76118
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
-20 13% 63.5102
-40 14% 66.35377
-60 15% 68.37543
-80 16% 69.6515
-100
-120

Column D Column E