The initial cost of an investment is $70,000 and the discount rate (cost of capital) is 12%. The return is $15,000 per year for 8 years. Based on the given information, the net present value of the investment = $ whole number.) (round your answer to the nearest

The initial cost of an investment is $70,000 and the discount rate (cost of capital) is 12%. The return is $15,000 per year for 8 years. Based on the given information, the net present value of the investment = $ whole number.) (round your answer to the nearest

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?

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Question

The initial cost of an investment is $70,000 and the discount rate (cost of capital) is 12%. The return is $15,000 per
year for 8 years.
Based on the given information, the net present value of the investment = $
whole number.)
(round your answer to the nearest

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