You invest 4600 now and receive 2000 at the end of year 1, Ask an Expert

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"You invest $4,600 now and receive $2,000 at the end of year 1, $1,800 at the end of year 2, $1,600 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 4.2%, compounded annually. Enter your answer as an integer."

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Financial Management, Finance

Category:- Financial Management
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