Discounted payback period between two consecutive integers

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Reference no: EM131963740

1. What benefits are there to society, to the country as a whole, of having insurance available for those who need or want to have it?

2. You invest $50,000 now and receive $10,000 per year for 15 years starting at the end of the first year. What is the discounted payback period? Use i = 9% annual rate compounded annually. Give the discounted payback period between two consecutive integers.

Reference no: EM131963740

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