Under a(n _____ between a u.s.-based company and a foreign company, in return for the right to use the parent company's brand na
2 answers:
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Answer:
13 years
Explanation:
As for the provided information, we have
Present value annuity factor required =
Now provided interest rate = 6%
With this interest rate as in the future values for a series of same amount , we see that for 13 years the value = 8.8526
This can even be calculated as follows:
As with this we can confirm our answer.
Therefore, number of years = 13 years.