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You have invested $2,00,000 in a project. You expect: $70,000 in the first year of the project; $60,000 in the second year of the project;

You have invested $2,00,000 in a project. You expect:

  1. $70,000 in the first year of the project;
  2. $60,000 in the second year of the project;
  3. $55,000 in the third year of the project;
  4. $40,000 in the fourth year of the project;
  5. $30,000 in the fifth year of the project;
  6. $25,000 in the sixth year of the project.

Calculate the pay back period of the above data

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