Training cost is $4,000 and a project required an initial investment of $30,000. If the project yields monthly savings of $2,000 beginning after 3 months, what is the payback period in months (before money costs and taxes)?
I agree with Becky. The payback period is calculated by dividing the initial investment by the monthly savings, so it should be 30,000 / 2,000 = 15 months.
Melda
2 days agoBecky
4 days ago