What is the minimum number of years in which an investment costing $210,000 must return $65,000 per

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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?

7.51 years

5.37 years

4.46 years

8.69 years

Related Book For answer-question

Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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Posted Date: Jan 06, 2021 06:58 PM

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What is the minimum number of years in which an investment costing $210,000 must return $65,000 per

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446 years Statemnet showing Cash flows Particulars Ti... View the full answer

Introduction to Governmental and Not for Profit Accounting

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