Question: Long-term investment decision, payback method Personal Finance Problem Bill Williams has the opportunity to invest in project A that costs $6,200 today and promises to

Long-term investment decision, payback method Personal Finance Problem Bill Williams has the opportunity to invest in project A that costs $6,200 today and promises to pay $2200, $2500, $2500, $1900 and $1700 over the next 5 years.

a. How long will it take for Bill to recoup his initial investment in project A?

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