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Relevancy of IRR versus CAGR as a Decision Making Tool

Why is IRR an important metric for comparing investments if CAGR can be determined? I understand CAGR to mean the constant rate of compounded growth over a given number of years. … If those intuitions are correct, and the basic goal is to grow money as much as possible over a given period, how did IRR come to be the more predominant metric? …
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