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 $44,000 to install and will require a fee of $2500 every 3 months. If your company can save $13,500 every quarter and have the security of managing its books in-house, how long will it take for you to recover the investment at an interest rate of 9% per quarter? The time taken to recover the investment, (in quarters) Round to the nearest one (1) decimal place
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 $44,000 to install and will require a fee of $2500 every 3 months. If your company can save $13,500 every quarter and have the security of managing its books in-house, how long will it take for you to recover the investment at an interest rate of 9% per quarter? The time taken to recover the investment, (in quarters) Round to the nearest one (1) decimal place
Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter8: Pricing Generally
Section: Chapter Questions
Problem 2RQ
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5. Help me answer the given question.
Round to the nearest one (1) decimal place
![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 $44,000 to install and will require a fee of $2500 every 3 months. If your
company can save $13,500 every quarter and have the security of managing its books in-house, how long will it take for you to
recover the investment at an interest rate of 9% per quarter?
The time taken to recover the investment, (in quarters)
Round to the nearest one (1) decimal place](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdbc2ca69-a20a-4b4d-9994-19a36a2ea541%2F371e0d40-0e78-4b6e-842b-7747c9e3595e%2Fve9rc6n_processed.png&w=3840&q=75)
Transcribed Image Text: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 $44,000 to install and will require a fee of $2500 every 3 months. If your
company can save $13,500 every quarter and have the security of managing its books in-house, how long will it take for you to
recover the investment at an interest rate of 9% per quarter?
The time taken to recover the investment, (in quarters)
Round to the nearest one (1) decimal place
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