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(CHAPTER 9) Calculate the payback time for a $11,000 Investment that returns $2,000 every year for 28 years at 74% annual interest rate (increme decimal

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(CHAPTER 9) Calculate the payback time for a $11,000 Investment that returns $2,000 every year for 28 years at 74% annual interest rate (increme decimal places for any intermediate Calculations, from the detaule 2 to 6 or higher. Only round your final answer to two decimal places for example, 10.23.)

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