Accusoft Systems is offering small business owners a software package that keeps track of many accounting...

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Accusoft Systems is offering small business owners a software package that keeps track of many accounting functions from bank transactions to sales invoices. The site license will cost $47,000 to install and will require a fee of $4500 every 3 months. If your company can save $13,500 every quarter and have the security of managing its books in-house, how long will it take for you to recover the investment at an interest rate of 9% per quarter? The time taken to recover the investment is determined to be quarters. Accusoft Systems is offering small business owners a software package that keeps track of many accounting functions from bank transactions to sales invoices. The site license will cost $47,000 to install and will require a fee of $4500 every 3 months. If your company can save $13,500 every quarter and have the security of managing its books in-house, how long will it take for you to recover the investment at an interest rate of 9% per quarter? The time taken to recover the investment is determined to be quarters.