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11 May, 17:09

Cromwell enterprises is acquiring athens, inc. for $899,000. athens has agreed to accept annual payments of $210,000 at an interest rate of 8.5 percent. how many years will it take cromwell enterprises to pay for this purchase

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  1. 11 May, 19:50
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    5.55 years

    I/Y: 8.5

    PV: 899000

    PMT: - 210000

    FV:0
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