Please clarify the question as I don't quite understand it.
To identify the most sensible savings goal for Kirk and his family, follow these calculations:
a. $225 per month over 2 years equals $5400 (calculated as 225 * 2 * 12)
b. $200 per month for 3 years totals $7200 (calculated as 200 * 3 * 12)
c. $100 per month across 4 years will give $4800 (calculated as 100 * 4 * 12)
d. $75 saved monthly for 5 years amounts to $4500 (calculated as 75 * 5 * 12)
The optimal savings target would be option b, since $7200 exceeds <span>$6845.</span>
Answer
The resultant number is 412630
The cost of Program X is $35,000, and it generates yearly savings of $40,000. To find the payback period:
Cost divided by savings times 12 months
35000 / 40000 × 12
= 10.5 months
Thus, the company will recover its investment in 10.5 months.
