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You invest $6,500 now and receive $3,100 at the end of year 1, $2,900 at the end of year 2, $2,700 at the end of
You invest $6,500 now and receive $3,100 at the end of year 1, $2,900 at the end of year 2, $2,700 at the end of year 3, and so on. In what year do you break even on your investment? Use the discounted payback approach and assume an annual interest rate of 6.8%, compounded annually. Enter your answer as an integer."
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