Tessa Wilson Invested in a Project with a Payback Period

question 153

Multiple Choice

Tessa Wilson invested in a project with a payback period of 6 years.The project brings $18,000 per year for a period of 9 years.What was the initial investment?

• A)$108,000
• B)$107,500
• C)$162,000
• D)$240,000
• E)cannot be determined from this information

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Definitions:

Early 1980s

A period marked by significant cultural, technological, and political events, typically referring to the years from 1980 to 1983.

Late 1970s

This term refers to the period from 1975 to 1979, often associated with significant political, cultural, and technological changes worldwide.

ANOVA

Stands for Analysis of Variance, a statistical method used to test differences between two or more means to see if they are statistically significant.

Analysis of Variance

A statistical method used to compare the means of three or more samples to see if at least one is significantly different from the others.