What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e. g., 32.16.) Year Cash Flow 0 –$ 5,500 1 1,525 2 1,725 3 2,125 4 1,625

3.08 years

Explanation:

The computation of the payback period is shown below:

Year       Cash flows    Cumulative cash flows

0         -$5,500                -$5,500

1          $1,525                 -$3,975

2               $1,725                -$2,250

3               $2,125                   -$125

4               $1,625                   $1,500

Now the pay back period is

= 3 years + $125 ÷ $1,625

= 3.08 years

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability