Mathematics · Financial Mathematics
If the initial investment is 1,000 and the project generates 300 per year for 5 years, what is the payback period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12.50 years
- 24.00 years
- 33.00 years
- 43.33 years✓
Correct answer
3.33 years
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