how many months do a project has to be with a monthly cash flow of $5 000 (starting at end of the fist month) to match a nominal discount rate of 9.6%, if a sum of $89 000 is invested today?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 15EA: Project A costs $5,000 and will generate annual after-tax net cash inflows of $1,800 for five years....
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how many months do a project has to be with a monthly cash flow of $5 000 (starting at end of the fist month) to match a nominal discount rate of 9.6%, if a sum of $89 000 is invested today?

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