What is amount of annual savings needed to make investment

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Problem

Net initial investment $50,000

Terminal disposal price at the end of 5 years $10,000

Present Value of an annuity of $1 at 12% for 5 years 3.6

Present Value of $1 at 12% in 5 years 0.57

What is the amount of annual savings needed to make the investment realize a 12% return?

Reference no: EM131797222

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