Calculate the payback period


Question: Calculate the payback period for a $20,000 project expected to return $6,000 for the 1st two years and $3,000 for Years 3 through 5?

[A]     4 2/3

[B]     5

[C]     3 1/2

[D]     4 1/2

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Finance Basics: Calculate the payback period
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