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 will it take from the date of their...


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 will it take from the date of their

initial investment for their share of the chip-making

company to be worth $6 million, if that company is

growing at a rate of 25% per year?



Jun 08, 2022
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