Read the question carefully and give me right solution with clear calculations Accusoft Systems is offering small business owners a software package that keeps track of many accounting functions from banktransactions to sales Invoices. The site license will cost $47,000 to Install and will require a fee of $4500 every 3 months. If yourcompany can save $13,500 every quarter and have the security of managing Its books In-house, how long will it take for you torecover the Investment at an interest rate of 9% per quarter?The time taken to recover the Investment is determined to bequarters.

Given: Here, Cost of Site License is $47,000 Fees is $4,500 in every 3 months Savings is $13,500 per…

Answered: The time taken to recover the…

Business

Operations Management

The time taken to recover the Investment is determined to be quarters.

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section15.8B: Financial Ratios

Problem 1CC

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Question

Read the question carefully and give me right solution with clear calculations

Accusoft Systems is offering small business owners a software package that keeps track of many accounting functions from bank
transactions to sales Invoices. The site license will cost $47,000 to Install and will require a fee of $4500 every 3 months. If your
company can save $13,500 every quarter and have the security of managing Its books In-house, how long will it take for you to
recover the Investment at an interest rate of 9% per quarter?
The time taken to recover the Investment is determined to be
quarters.

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