If you invest $73,300 in aproject which yields anannual return of $13,500, howmany years will it take torecover your investment ifthe annual interest rate is4.5%?a 7b 9c. 5d 8e. 6

Given, Amount of investment is $73,300 Annual return $13,500. Rate of interest is 4.5%.

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If you invest $73,300 in a project which yields an annual return of $13,500, how many years will it take to

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...

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Question

If you invest $73,300 in a
project which yields an
annual return of $13,500, how
many years will it take to
recover your investment if
the annual interest rate is
4.5%?
a 7
b 9
c. 5
d 8
e. 6

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