Package com.imsl.test.example.finance

Class FinanceMirrEx1

java.lang.Object

com.imsl.test.example.finance.FinanceMirrEx1

public class FinanceMirrEx1
extends Object

Computes the modified internal rate of return on an investment.

A farmer uses a $4500 loan to buy 10 young cows and a bull. The interest rate on the loan is 8%. He expects to reinvest the profits received in any one year in the money market and receive 5.5%. The first year he does not expect to sell any calves, he just expects to feed them. Thereafter, he expects to be able to sell calves to offset the cost of feed. He expects them to be productive for 9 years, after which time he will liquidate the herd. The modified internal rate of return is computed after 9 years.

See Also:

• Code
• Output

Constructor Summary

Constructors

Constructor	Description
FinanceMirrEx1()

Method Summary

Modifier and Type	Method	Description
static void	main(String[] args)

Methods inherited from class java.lang.Object

clone, equals, finalize, getClass, hashCode, notify, notifyAll, toString, wait, wait, wait

Constructor Details

FinanceMirrEx1

public FinanceMirrEx1()

Method Details

main

public static void main(String[] args)