(a) What is the approximate number of years you would have to sell a mobile phone app to break even if income is estimated to be $50,000 per year, expense is $15,000 per year, your initial investment is $280,000, and your MARR is 10% per year? (b) Find the exact payback period using a spreadsheet function.
(a) What is the approximate number of years you would have to sell a mobile phone app to break even if income is estimated to be $50,000 per year, expense is $15,000 per year, your initial investment is $280,000, and your MARR is 10% per year? (b) Find the exact payback period using a spreadsheet function.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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(a) What is the approximate number of years you
would have to sell a mobile phone app to break
even if income is estimated to be $50,000 per year,
expense is $15,000 per year, your initial investment
is $280,000, and your MARR is 10% per
year? (b) Find the exact payback period using a
spreadsheet function.
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