Multiple Choice
Sampson, Inc. invested $1.325 million in a project that earned an 8.25% rate of return. Sampson sold their investment for $3,713,459. How much sooner could Sampson have sold the company if
They only wanted $3 million from the project?
A) 2.69 years
B) 3.33 years
C) 5.17 years
D) 6.67 years
E) 10.31 years
Correct Answer:
Verified
Correct Answer:
Verified
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