IASSC Exam ICYB Topic 3 Question 73 Discussion

Actual exam question for IASSC's ICYB exam

Question #: 73
Topic #: 3

[All ICYB Questions]

Training cost is $3,000 and a project required an initial investment of $12,000. If the project yields monthly savings of $1,800 beginning after 3 months, what is the payback period in months (before money costs and taxes)?

A4.17

B8.33

C11.33

D28.28

Show Suggested Answer

Suggested Answer: C

by Ulysses at Aug 02, 2024, 06:27 AM

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Yong

8 days ago

But if we calculate the payback period based on the initial investment and monthly savings, it should be around 8.33 months.

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Lashanda

10 days ago

This is a straightforward payback period calculation. I think the answer is A) 4.17 months.

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Melina

12 days ago

I disagree, I believe the answer is B) 8.33.

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Yong

14 days ago

I think the answer is A) 4.17.

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