Question: Problem 1 3 . 0 3 3 - Calculate the payback period considering the time - value of money Accusoft Systems is offering small business

Problem 13.033- Calculate the payback period considering the time-value of money
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 $60,000 to install and will require a fee of $5,000 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 10.00% per quarter? (Round the final answer to three decimal places.)
The time taken to recover the investment is determined to be quarters.
Problem 1 3 . 0 3 3 - Calculate the payback

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