You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $4,700 and will be posted for one year. You expect that it will generate additional revenue of $705 a month. What is the payback period? The payback period is months. (Round to one decimal place.)
You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $4,700 and will be posted for one year. You expect that it will generate additional revenue of $705 a month. What is the payback period? The payback period is months. (Round to one decimal place.)
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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You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost
$4,700
and will be posted for one year. You expect that it will generate additional revenue of
$705
a month. What is the paybackperiod?
Transcribed Image Text:You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $4,700 and will be posted for one year. You expect that it will generate additional revenue of $705 a month. What is the payback
period?
The payback period is
months. (Round to one decimal place.)
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