Training cost is $3,000 and a project required an initial investment of $12,000. If the project yields monthly savings of $1,800 beginning after 3 months, what is the payback period in months…

The correct answer is C. 11.33. You've hit your limit · resets 12:50am (America/New_York)

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Question

Training cost is $3,000 and a project required an initial investment of $12,000. If the project yields monthly savings of $1,800 beginning after 3 months, what is the payback period in months (before money costs and taxes)?

Options

A4.17
B8.33
C11.33
D28.28

How the community answered

(34 responses)

A
3% (1)
B
3% (1)
C
85% (29)
D
9% (3)

Explanation

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Topics

#payback period#project financials#ROI#cost analysis

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