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(CHAPTER 9) Calculate the payback time for a $12,000 investment that returns $2,000 every year for 27 years at 6.5% annual interest rate.(increase decimal places

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(CHAPTER 9) Calculate the payback time for a $12,000 investment that returns $2,000 every year for 27 years at 6.5% annual interest rate.(increase decimal places for any intermediate calculations, from the default 2 to 6 or higher, Only round your final answer to two decimal places for example, 10.29.)

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