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Sampson, Inc. invested $1.325 million in a project that earned an 8.25% (EAR) rate of return....

Sampson, Inc. invested $1.325 million in a project that earned an 8.25% (EAR) rate of return. Sampson sold their investment for $3,713,459. How much sooner could Sampson have sold the company if they only wanted $3 million from the project?

the answer is 2.69 years

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Answer #1

Answer - 2.69 yrs

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