IRR is not equal to annual rate of return. Assumptions of IRR are not always reasonable and rational. IRR itself may produce misleading results. What should investors use instead of IRR? Internal Rate ...

The idea of time value of money (TVM) has fascinated finance thinkers since antiquity. A story from the Jewish Talmud (c. 500 CE) illustrates it vividly: a lender falsely claimed a loan term was 30 ...