Solved: What is the irr for subscribing for two years, Microeconomics

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What is the irr for subscribing for two years

Problem

The Engineering Economist is a quarterly journal that costs $20 for 1 year, $38 for 2 years, or $56 for 3 years.

(a) What is the IRR for subscribing for 2 years rather than for 1 year at a time?

(b) What is the IRR for subscribing for 3 years rather than for 1 year at a time?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the irr for subscribing for two years

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