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An investment of $80,000 yields a net income of $10,000 per year. How many years...

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An investment of $80,000 yields a net income of $10,000 per year. How many years does it take to recover the initial investment at nominal interest of 6.6% compounded monthly? You can use the spreadsheet functions to solve this question or trial and error procedure. . 12 O b. 14 O c. 15 O d. 11 O e. 13

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