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

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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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
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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