Question: 20 Home insert Draw 8- 3510 midterm pts summer Questions only. 9400 - Word Design layout References Mailings Review JA E 9 ** A- -

20 Home insert Draw 8- 3510 midterm pts summer Questions only. 9400 - Word Design layout References Mailings Review JA E 9 ** A- - - - View Help 11 Alice AaBbcABCD AaBbce Abcha - . Emphasis Heading Normal Song S e Tale I pind Format Painter B ! T o Subitlem. Problem 2 (6 Marks) Lothbrok Industries wishes to accumulate its cash so it will have $50 million sometime in the future. Independent of any financial information provided for Lothbrok in its financial statements, assume they invest $2.65 million immediately, and then $2.65 million at the end of each year in an investment, which is expected to provide a 6% per annum return. (a) How many years will it take Lothbrok to reach its goal? (Round up to the nearest year.) (2 Marks) Focus English (Canada) e here to search 0 i e is

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