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Please explain all work CLEARLY for a Like (not with excel). QUESTION 14 An investment plan will allow you to invest $400 today and receive

Please explain all work CLEARLY for a Like (not with excel).

QUESTION 14 An investment plan will allow you to invest $400 today and receive $100 every year starting year 1. Suppose that the appropriate discount rate for this investment is 20%, what is the discounted payback period? 8.83 years 4 years 9.5 years O 5.63 years Never

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