Jan
02
Filed Under (Investing) by investment
Alice D asked:


Orear Enterprises earns 8% on an investment that pays back $120,000 at the end of each of the next 6 years. What is the amount Orear Enterprises invested to earn the 8% rate of return?

MELVIN
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Comments

Katt_in_the_Hat on 3 January, 2010 at 5:00 am #

JONAH

do you assume simple interest or compounded interest?


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