Question: Please show work on excel (CHAPTER 9) Calculate the payback time for a $10,000 investment that returns $3,000 every year for 27 years. The rate
(CHAPTER 9) Calculate the payback time for a $10,000 investment that returns $3,000 every year for 27 years. The rate of return KEEP for similar projects is 7.8% annually. CALM Increase decimal places for any intermediate calculations, IT'S PAYBACK from the default 2 to 6 or higher. Only round your final TIME answer to TWO decimal places: for example, 10.23 Cause
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