Question
How long will it take to recover the investment presented at 10% interest rate under the independent scenarios mentioned below? Investment $10,595 Scenario 1 -
How long will it take to recover the investment presented at 10% interest rate under the independent scenarios mentioned below?
| Investment | $10,595 |
| Scenario 1 - with a gradient of | $2,200 |
| Scenario 2 - with an annuity of | $2,795 |
What is the time to recover the investment based on scenario 1 (gradient)?
What is the time to recover the investment based on scenario 2 (annuity)?
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Finance Fundamentals For Nonprofits
Authors: Woods Bowman
1st Edition
1118004515, 9781118004517
