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How long would it take from the date of the initial

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A company that manufactures ultrasonic wind sensors invested $1.5 million, 2 years ago to acquire part ownership in an innovative chip-making company. How long would it take from the date of the initial investment for its share of the chip company to be worth $3 million if that company is growing at a rate of 20% per year?

 

 

Reference no: EM13482413

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