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Assume the firm makes a one-time investment of $79,000 today at a 11.5% interest rates and would like to have it grow to $250,000.
Assume the firm makes a one-time investment of $79,000 today at a 11.5% 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. O 11.20 years O 12.45 years O 10.58 years "O 10.39 years
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Financial Accounting
Authors: David Spiceland, Wayne Thomas, Don Herrmann
4th edition
1259307956, 978-1259307959
