A company that manufactures ultrasonic wind sensors, Ask an Expert

Economics

A company that manufactures ultrasonic wind sensors invested $1.5 million, 2 years ago to acquire part ownership in an innovative chip-making company. How long would it take (from the date of the initial investment) for its share of the chip company to be worth $3 million if that company is growing at a rate of 20% per year?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91423811

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