Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Number of years to provide a given return In the information given in following case, determine the number of years
that the given oridinary annuity cash flows must continue in order to provide the rate of return on the initial amount.
(Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)
Initial amount
$170,100
Annual cash flow
$20,473
GCXX
Rate of return
5%
The number of investment years, n, isyears. (Round to two decimal places.)
st
art
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Transcribed Image Text:✓ Number of years to provide a given return In the information given in following case, determine the number of years that the given oridinary annuity cash flows must continue in order to provide the rate of return on the initial amount. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Initial amount $170,100 Annual cash flow $20,473 GCXX Rate of return 5% The number of investment years, n, isyears. (Round to two decimal places.) st art
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