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Write R program to calculate the chit funds rate of return

Hope you are aware of Chit Funds available in market, where a group of people pool in some money and the person who win the lottery every month takes the lump some that particular month and pay back monthly a pre-fixed amount .

So for the complex cash flows & returns, build a R program to get the IRR(Internal Rate of Return) for the investment.

Sample chit to work on :

Duration : 40 Months

Instalment : 5000/- Per month till he lift the chit from group. After he lift - he start paying 7000/-

Case 1: Customer lift the chit in 4th Month : He paid 3X5000 + 37X7000 = 274000/- But Customer offered an yield of 203000/-

Case 2: Customer lift the chit in the 40th Month : He paid 39X5000 + 1X7000 = 202000/- Customer offered an yield of 239000/-

Skills: Excel, Finance, R Programming Language, Statistical Analysis, Statistics

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