Question: please explain step by step. QUESTION 14 An investment plan will allow you to invest $400 today and receive 5100 every year starting year 1.

please explain step by step.

QUESTION 14 An investment plan will allow you to invest $400 today and receive 5100 every year starting year 1. Suppose that the appropriate discount rate for this investment is 20%, what is the discounted payback period? 8.83 years 04 years 5 years 563 years Never

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