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Brief Exercise G-21 Romeo Cruz has been offered the opportunity of investing $25,801 now. The investment will earn 11% per year and at the end
Brief Exercise G-21 Romeo Cruz has been offered the opportunity of investing $25,801 now. The investment will earn 11% per year and at the end of that time will return Romeo $66,000. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many years must Romeo wait to receive $66,000? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25.) Romeo must wait years
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