Homework Answers
using NPER function in Excel
| investment | 160000 |
| annual savings | 30000 |
| interest | 16% |
| Time required to recover investment (yrs) | 12.93 |
showing formula in excel
| investment | 160000 |
| annual return | 30000 |
| interest | 0.16 |
| Time required to recover investment | =NPER(O92,O91,-O90) |
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