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Number of years to provide a given return In the information given in following case, determine the number of years that the annual end-of-year cash
Number of years to provide a given returnIn 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.
Inital Amount | Annual Cash Flow | Rate of Return |
$73,900 | $13,779 | 8% |
The number of investment years, n, is _ years. (Round to two decimal places.)
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