You invest 25000 now and receive 3000 per year for 25 years


You invest $25,000 now and receive $3,000 per year for 25 years starting at the end of the first year. What is the payback period in whole number years for this investment? In other words, in what year do you break even on this investment? Use i = 8% annual rate compounded annually, and use the discounted payback approach (not simple payback).

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Financial Management: You invest 25000 now and receive 3000 per year for 25 years
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