A company that manufactures ultrasonic wind sensors invested $1.5 million 2 years ago to acquire part-ownership in
Question:
A company that manufactures ultrasonic wind sensors invested $1.5 million 2 years ago to acquire part-ownership in an innovative chip making company. How long will it take from the date of their initial investment for their share of the chip-making company to be worth $6 million, if that company is growing at a rate of 25% per year?
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1500000 6000000PF25...View the full answer
Answered By
Jehal Shah
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