Question
Assume the firm invests $80,000 today at a 12% interest rates and would like to have it grow to $250,000. How many years will the
Assume the firm invests $80,000 today at a 12% interest rates and would like to have it grow to $250,000. How many years will the investment take to grow to $250,000? Assume the interest rate compounds annually.
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Corporate Financial Management
Authors: Glen Arnold
5th edition
978-1292178066, 129217806X, 273758837, 978-0273758839
