If you invest $131,300 in a project which yields an annual return of $25,400, how many years will it take to recover your investment if the annual interest rate is 5.5%? O a. 8 O b.5 O c. 7 O d. 6 O e. 9
If you invest $131,300 in a project which yields an annual return of $25,400, how many years will it take to recover your investment if the annual interest rate is 5.5%? O a. 8 O b.5 O c. 7 O d. 6 O e. 9
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 27P
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