You are a real estate agent thinking of placing a sign advertising your services at a...
You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $4,100 and will be posted for one year. You expect that it will generate additional revenue of $779 a month. What is the payback period?
Homework Answers
Payback period=initial cost/additional revenue per month
=4,100/779
which is equal to
=5.26 months(Approx).
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You are a real estate agent thinking of placing a sign
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