An alternative approach to using the algebraic equation for calculating the internal rate of return is to use trial and error.

Name: An alternative approach to using the algebraic equation for calculating the internal rate of return is to use trial and error.
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Trial and error can be used to calculate the internal rate of return by iterating through different discount rates until the net present value of future cash flows equals zero, making it an alternative approach to using the algebraic equation.

An Alternative Approach to Using the Algebraic Equation for Calculating