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An investment of $80,000 yields a net income of $10,000 per year. How many years does it take to recover the initial investment at nominal

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An investment of $80,000 yields a net income of $10,000 per year. How many years does it take to recover the initial investment at nominal interest of 6% compounded semiannually? You can use the spreadsheet functions to solve this question or trial and error procedure. a. 15 b. 16 O c. 14 d. 12 O e. 11

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