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For your construction project, you want to purchase a specialized vehicle that will save $30,000 in labour costs per year. If you purchase this specialized

For your construction project, you want to purchase a specialized vehicle that will save $30,000 in labour costs per year. If you purchase this specialized vehicle for $160,000 today, how long will it take you to recover your investment at an interest rate of 15% per year? Find the discounted payback period. 

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The discounted payback period considers the time value of money meaning it recognizes that a dollar today is worth more than a dollar tomorrow This me... blur-text-image

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