Modified IRR

Modified IRR: Formula on page 287, v6 IRR: Formula on page on page 15, v6 By substituting (1 + R) = (1 + r)^(1/m) in the second formula, we get back the first one. Just don’t understand footnote 14 on page 287.

Don’t worry about the formula, LOS doesn’t ask you to calculate the modified IRR.

It’s about the concept of footnote 14, how can I remember something that doesn’t seem right to me …