Question
If a project costs $120000 and is expected to return $24000 manually,(a) how long does it take to recover the initial investment? (b)what would be
If a project costs $120000 and is expected to return $24000 manually,(a) how long does it take to recover the initial investment? (b)what would be the discounted payback period at i=6%? Assume that the cash flows occur continuously throughout the year
the answer to (a) is 5 years
I need help on (b) I tried 10.2 years but it's wrong
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
