Question
It will cost $2,400 to acquire an ice cream cart. Cart sales are expected to be $1,400 a year for three years. After the three
It will cost $2,400 to acquire an ice cream cart. Cart sales are expected to be $1,400 a year for three years. After the three years, the cart is expected to be worthless as the expected life of the refrigeration unit is only three years. What is the payback period?
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
