Your investment firm is offering you payments of $55,000 a year, at a price of $310,000....

Your investment firm is offering you payments of $55,000 a year, at a price of $310,000. If your required return is 5.5%, what is the minimum length of time you must receive these payments to make it a good deal for you?

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The calculation for minimum length of time is shown below

Following shows the working

jeff jeffy answered 1 month ago

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