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You currently have $2,000 that you want to invest so that in a few years time you would like to purchase a new computerized system
You currently have $2,000 that you want to invest so that in a few years time you would like to purchase a new computerized system for your new private business costing $6,216. You do not want to take a loan given that you need all the leverage to raise cash for current assets. Assuming you could earn a 12% return on your investment annually, how long will it take you to realize your financial 0bjective? a. 12 years b. 10 years c. 8 years d. 9 years
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