Fundamental Accounting Principles
Fundamental Accounting Principles
24th Edition
ISBN: 9781259916960
Author: Wild, John J., Shaw, Ken W.
Publisher: Mcgraw-hill Education,
Question
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Chapter 26, Problem 3E
To determine

Introduction:

Payback period of any investment refers to the minimum expected time period which is required to recovery of initial investment. In other words we can say that minimum period in which initial investment will be recoverd is known as payback period.

To calculate:

Payback period of the investment.

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