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Arlecino [84]
3 years ago
14

You have an investment that in today's dollars returns 12% of your investment in year 1, 18% in year 2, 11% in year 3, and the r

emainder in year 4. Rounded to two places, what is the Duration of this investment
Business
1 answer:
tankabanditka [31]3 years ago
4 0

Answer:

The duration of this investment will be  14,005‬ years

Explanation:

Duration of investment= Sum of ( Percentage* TIme)

=( 1 x 12%) + (2 x 18%) + (3 x 11%) + (4 x 59%)

= 12+36+33+13,924‬

=14,005‬ years

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