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zvonat [6]
3 years ago
13

Jayco has the following expected cash flows from a project. Calculate the payback period of the project. Year 0 (685,000) Year 1

255,000 Year 2 355,000 Year 3 455,000 Year 4 555,000
Business
1 answer:
Orlov [11]3 years ago
7 0

Answer:

2.16 years

Explanation:

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Answer:

$6414.27

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P = 2000 ( 1 + 6/100 )^20

P = 2000 ( 1+0.06 )^20

P = 2000 ( 1.06 )^20

P = 2000×3.20713

P = 6414.2709

P = $6414.27

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Credit cards would be considered liabilities.

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