At an interest rate of 10% per year, the length of time required from time zero to recover an initial investmentof $10,000 by receipts of $1,000 per year beginning in year three is nearest to:A)B)C)10 years20 years100 yearsNever

The initial investment is $10,000 The interest rate is 10% per year. Receipts of $1000 per year…

Answered: At an interest rate of 10% per year,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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At an interest rate of 10% per year, the length of time required from time zero to recover an initial investment of $10,000 by receipts of $1,000 per year beginning in year three is nearest to: A) B) C) D) 10 years 20 years 100 years Never