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How many years were involved in the calculation

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Reference no: EM133009953

Problem 1: A FV of $600,000 is worth a PV of $80,000 today. Assuming a rate of return of 8% per year, how many years were involved in the calculation (NPER) of the PV?

Group of answer choices

Option 1: 28.00 years

Option 2: 26.18 years

Option 3: 24.35 years

Option 4: -26.18 years (negative)

Reference no: EM133009953

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