Kunkle company wishes to earn 20 annually on its, Financial Accounting

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Kunkle company wishes to earn 20 annually on its

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 for X years. What is the minimum value of X for which it will consider the investment a success? Assume that it cant invest for fractional parts of the year.

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Financial Accounting: Kunkle company wishes to earn 20 annually on its

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