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What is the payback period (years) for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.) Year Cash Flow
| What is the payback period (years) for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.) |
| Year | Cash Flow | ||
| 0 | $ | 4,500 | |
| 1 | 1,050 | ||
| 2 | 1,250 | ||
| 3 | 2,150 | ||
| 4 | 1,150 | ||
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CFP Board Financial Planning Competency Handbook
Authors: CFP Board
2nd Edition
1119094968, 978-1119094968
