Mathematics, 30.03.2020 06:41 carrietaylor234

A company has an investment project that would cost $10 million today and yield a payoff of $15 million in 4 years. The interest rate is 10% compounded semiannually. How log will it take to receive this payoff?

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A company has an investment project that would cost $10 million today and yield a payoff of $15 mill...