An investment of $80,000 yields a net income of $10,000 per year. How many years does it toke to recover the initial investment ot nominol interest of 6.5% compounded quarterly? You can use the spreadsheet functions to solve this question or trial and error procedure a. 16 b.12 c.15 d.14 e.11
An investment of $80,000 yields a net income of $10,000 per year. How many years does it toke to recover the initial investment ot nominol interest of 6.5% compounded quarterly? You can use the spreadsheet functions to solve this question or trial and error procedure a. 16 b.12 c.15 d.14 e.11
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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An investment of $80,000 yields a net income of $10,000 per year. How many years does it toke
to recover the initial investment ot nominol interest of 6.5% compounded quarterly? You can
use the spreadsheet functions to solve this question or trial and error procedure
a. 16
b.12
c.15
d.14
e.11
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