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Suppose you considering investing $34 to earn $4.8 every year for 11 years. If the annual interest rate is 6.2%, what is the payback of

Suppose you considering investing $34 to earn $4.8 every year for 11 years. If the annual interest rate is 6.2%, what is the payback of this project?

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The payback period for this project is approximately 091 years Heres why We need to consider the time value of money Earning 48 every year for 11 year... blur-text-image

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