Multiple Choice
What is the minimum number of years that an investment costing $500,000 must return $65,000 per year at a discount rate of 13 percent in order to be an acceptable investment?
A) 8.69 years
B) 14.00 years
C) 27.51 years
D) An infinite number of years
Correct Answer:
Verified
Correct Answer:
Verified
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