A Food Cart Costs $4,500 and Is Expected to Return

question 15

Multiple Choice

A food cart costs $4,500 and is expected to return $1,750 a year for three years and then be worthless.What is the payback period for this cart?

• A)2.83 years
• B)3.14 years
• C)2.78 years
• D)2.57 years
• E)1.57 years

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Definitions:

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Stemplot

A graphical representation used in statistics to display quantitative data, showing their frequency of occurrence.

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