What Is the Minimum Number of Years That an Investment

question 23

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% 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

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Definitions:

Unauthorized Use

Utilization of property, resources, or information without permission, typically violating legal or contractual boundaries.

Originator

The individual or entity that creates or initiates something, often used in the context of loans and financial transactions.

Beneficiary

An individual or entity entitled to receive benefits or assets from a will, trust, insurance policy, or other legal arrangement.

Stale Check

A check that is presented for payment after a certain period (typically six months) from its issue date, leading to its potential refusal by the bank.