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What Is the Minimum Number of Years That an Investment

Question 65

Multiple Choice

What is the minimum number of years that an investment costing $500,000 must return $65,000 per year at a discount rate of 13% in order to be an acceptable investment?


A) 8.69 years
B) 14.00 years
C) 27.51 years
D) An infinite number of years

Correct Answer:

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