Barbara Jones has been offered the opportunity of investing $83267 now. The investment will earn...

70.2K

Verified Solution

Question

Accounting

Barbara Jones has been offered the opportunity of investing $83267 now. The investment will earn 11% per year and at the end of its life will return $213000 to Barbara. How many years must Barbara wait to receive the $213000?

Answer choices:

9

8

6

7

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students