Rke amp associates is considering the purchase of a, Ask an Expert

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RKE & Associates is considering the purchase of a building it currently leases for $30,000 per year. The owner of the building put it up for sale at a price of $170,000, but because the firm has been a good tenant, the owner offered to sell it to RKE for a cash price of $160,000 now. If purchased now, how long will it be before the company recovers its investment at an interest rate of 16% per year? Solve by using the NPER function.

The company will recover its investment in years.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92791473

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