Question: Problem 1 3 . 0 3 3 - Calculate the payback period considering the time - value of money Accusoft Systems is offering small business
Problem Calculate the payback period considering the timevalue 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 $ to install and will require a fee of $ every months. If your company can save $ every quarter and have the security of managing its books inhouse, how long will it take for you to recover the investment at an interest rate of per quarter? Round the final answer to three decimal places.
The time taken to recover the investment is determined to be quarters.
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