A capital investment firm placed $1.5 million 2 years ago to acquire part-ownership in an innovative chip

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A capital investment firm placed $1.5 million 2 years ago to acquire part-ownership in an innovative chip making company. How long will it take from the date of their initial investment for their share of the chip company to be worth $3 million, if the company is realizing a 20% per year return?


Identify the four engineering economy symbols and their values. Use a question mark with the symbol whose value is to be determined.


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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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