Question
If you are considering making an investment on a financial product which costs $8,987 initially, and pays back $1,875 every year up to 6 years.
If you are considering making an investment on a financial product which costs $8,987 initially, and pays back $1,875 every year up to 6 years. What is the payback period of this product (keep two decimal places)?
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
