What Is the Payback Period for a $20,000 Project That

question 87

Multiple Choice

What is the payback period for a $20,000 project that is expected to return $6,000 for the first two years and $3,000 for Years 3 through 5?

• A) 3 1/2
• B) 4 1/2
• C) 4 2/3
• D) 5

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Definitions:

Olaudah Equiano

An African writer and abolitionist who lived during the 18th century, whose autobiography detailed his experiences as a slave and a free man.

Atypical Slave

Refers to enslaved individuals who lived under conditions or had experiences that differed from the typical circumstances of slavery, such as those who had specialized skills or attained unusual degrees of autonomy.

Middle Passage

The sea voyage that transported African slaves to the Americas, part of the transatlantic slave trade, notorious for its brutality and high mortality rate.

Free Blacks

African Americans who were not enslaved and had legal freedom during times of slavery, though they often faced significant social and economic restrictions.