In: Finance
How long will it take to recover the investment presented at 10% interest rate under the independent scenarios mentioned below?
Investment | $10,595 |
Scenario 1 - with a gradient of | $2,200 |
Scenario 2 - with an annuity of | $2,795 |
What is the time to recover the investment based on scenario 1 (gradient)?
What is the time to recover the investment based on scenario 2 (annuity)?