Number of years—Annuities In each of the following cases, determine the number of years that the… 1 answer below »

Number of years—Annuities In each of the following cases, determine the number of years that the given annual end-of-year cash flow must continue in order to provide the given rate of return on the given initial amount.

Case

Initial amount

Annual cash flow

Rate of return

A

$ 1,000

$ 250

11%

B

150,000

30,000

15

C

80,000

10,000

10

D

600

275

9

E

17,000

3,500

6

 

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