Internal rate of return, or IRR, is one of those concepts bank staff wheel out when they are selling investments, particularly savings and pension plans involving a series of contributions.
The concept has its use. This problem is that outside of professional financial circles very few people understand what IRR means.
That can be challenging for those asked to make an important investing decision based on the measure. So let's try to get a grip on this basic, if somewhat slippery, performance measure.
via Business feed http://www.scmp.com/business/money/investment-products/article/1119877/understanding-internal-rate-return
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