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Reply: 1.1.1 From: Tony Dixon Yeah, sorry Dale. It was a bit much for a Monday :-) I was on a roll though. Just be thankful I didn't get onto a discussion of the 'force of interest'. I hope I didn't scare Ray too much. Tony

Reply: 1 From: Tony Dixon Hi Ray, No one seems to have answered your question so I thought I'd have a crack. The hand-waving answer ---------------------- The key to the IRR is recognising that money has a time value - a dollar today is worth more than a dollar tomorrow, and a lot more than...