The time taken to recover the Investment is determined to be quarters.
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section15.8B: Financial Ratios
Problem 1CC
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Read the question carefully and give me right solution with clear calculations
![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 $47,000 to Install and will require a fee of $4500 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 is determined to be
quarters.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6c3433e8-5f55-4727-bf2a-2c4ca20d5dd5%2Fc7b8106f-644b-472b-9f97-f7bed6734f45%2Fap4b58g_processed.jpeg&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 $47,000 to Install and will require a fee of $4500 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 is determined to be
quarters.
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