If you invest $131,300 in a project which yields an annual return of $25,400, how many years will it take to recover your investment if the annual interest rate is 5.5%? O a. 8 O b.5 O c. 7 O d. 6 O e. 9

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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If you invest $131,300 in a project which yields an annual return of $25,400, how many years will it
take to recover your investment if the annual interest rate is 5.5%?
a. 8
O b. 5
О с. 7
d. 6
е. 9
Transcribed Image Text:If you invest $131,300 in a project which yields an annual return of $25,400, how many years will it take to recover your investment if the annual interest rate is 5.5%? a. 8 O b. 5 О с. 7 d. 6 е. 9
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