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Business, 02.07.2019 02:40 j8838

Kunkle company wishes to earn 20% annually on its investments. if it makes an investment that equals or exceeds that rate, it considers it a success. assume that it invests $2 million and gets $500,000 in return at the end of each year fox x years. what is the minimum value of x for which it will consider the investment a success? assume that it can't invest for fractional parts of a year.

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