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An investment costs $100,000 and provides a cash inflow of $17,000 per year. If the discount rate is 13%, how long must the cash inflows
An investment costs $100,000 and provides a cash inflow of $17,000 per year. If the discount rate is 13%, how long must the cash inflows last for it to be an acceptable investment?
a) 24 years
b) 12 years
c) 6 years
d) 10 years
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