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Internal rate of return (IRR) is a method of calculating an investment's rate of return. The term internal refers to the fact that the calculation excludes external factors, such as the risk-free rate, inflation, the cost of capital, or financial risk. The method may be applied either ex-post or ex-ante. Applied ex-ante, the IRR is an estimate ...
Grade indicator near Bellville, Western Cape, South Africa, showing 1:150 and 1:88 grades. Ruling gradients limit the load that a locomotive can haul, including the weight of the locomotive itself. Gradients are expressed as a ratio of vertical rise to horizontal distance; for example, a 1% gradient (1 in 100) means the track rises 1 vertical ...
Witt's book gave tables based on 10% (the maximum rate of interest allowable on loans) and other rates for different purposes, such as the valuation of property leases. Witt was a London mathematical practitioner and his book is notable for its clarity of expression, depth of insight, and accuracy of calculation, with 124 worked examples. [4] [5]