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Darnell Enterprises constructed an addition to its building at a cost of $75,000. Extra annual expenses are expected to be $1850, but extra income will
Darnell Enterprises constructed an addition to its building at a cost of $75,000. Extra annual expenses are expected to be $1850, but extra income will be $18,000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year? The time taken for the company to recover its investment is determined to be years Choose the spreadsheet function that determines np a. Spreadsheet function - NPER(10%, 16,150, -75,000) displays 7 years b. Spreadsheet function: - NPER(10%, 17,815.-75.000) displays 5 years c. a. Spreadsheet function=NPER(10%, 16,150.-18.000) displays 5 years d. a Spreadsheet function - NPER(10%, 17.815.-18.000) displays 7 years The correct spreadsheet function is in option (Click to select)
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