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Kunkle Company wishes to earn 8% annually on its investments. If Kunkle makes an investment that equals or exceeds that rate, it considers it a

Kunkle Company wishes to earn 8% annually on its investments. If Kunkle makes an investment that equals or exceeds that rate, it considers it a success. Assume that Kunkle invests $2.6 million and gets $520,000 in return at the end of each year for X years. Assume that Kunkle can't invest for fractional parts of a year. 



What is the minimum value of X (number of years) for which Kunkle will consider the investment a success?

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