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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Carlee

25 days ago

I bet the person who wrote this question is laughing at us right now, thinking 'Haha, good luck figuring this out!'

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Kasandra

28 days ago

Seriously, who comes up with these questions? I'm going to go with C) 11.33 months and hope for the best.

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Tran

15 hours ago

I'm not sure, but I'm leaning towards A) 4.17 months.

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Alfreda

19 days ago

I think the answer is actually B) 8.33 months.

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Lindsey

29 days ago

Wait, what? I thought this was supposed to be easy. I'm going with D) 28.28 months, just to be safe.

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Verona

1 months ago

Hmm, I'm not sure. Let me double-check the math. Oh wait, I think I got it! It's definitely B) 8.33 months.

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Elroy

22 days ago

No, I believe it's C) 11.33 months.

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Leeann

27 days ago

I think it's A) 4.17 months.

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Yong

2 months 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

2 months ago

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

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Chaya

3 days ago

Definitely, it shows that the project is financially viable in a short amount of time.

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Shawn

5 days ago

It's a quick return on investment, which is always a good sign.

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Delfina

10 days ago

That makes sense, the project will pay back the initial investment in a little over 4 months.

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Quentin

24 days ago

I agree, the payback period is 4.17 months.

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Melina

2 months ago

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

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Yong

2 months ago

I think the answer is A) 4.17.

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