Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the minimum number of years in which an investment costing $210,000 must return $65,000 per year at a discount rate of 13% in

What is the minimum number of years in which an investment costing $210,000 must return $65,000 per year at a discount rate of 13% in order to be an acceptable investment?

A)8.69 years

B)5.37 years

C)7.51 years

D)4.46 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Explain how to control impulses.

Answered: 1 week ago

Question

why Should rich countries pay a greater share than poorer countries

Answered: 1 week ago