Question
In the information given in following case, determine the number of years that the annual end-of-year cash flow must continue in order to provide the
In the information given in following case, determine the number of years that the annual end-of-year cash flow must continue in order to provide the rate of return on the initial amount.
Initial amount: $146,800
Annual cash flow: $67,524
Rate of return: 8%
The number of investment years, n, is years. (Round to two decimal places.)
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Information Systems Control And Audit
Authors: Et Al. Hyo-Jeong Kim, Michael Mannino, Compiled By Koros Press Editorial Board
1st Edition
1781639426, 978-1781639429
