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Payback

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Payback
The length of time it takes to recover the initial cost of a project, without regard to the time value of money.

Payback
The length of time until an investment makes an amount of money equal to the original amount invested. It does not account for the time value of money. That is, the payback period differs from the break-even time, which accounts for inflation, interest, and so forth.


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A GARDEN has been created for residents at a Nuneaton day centre - thanks to the Community Payback scheme.
Denbighshire Voluntary Services Council offices in Ruthin have been given a facelift thanks to teams of offenders under the Community Payback Scheme run by the North Wales Probation Area.
Compared to more sophisticated financial measures such as net present value and internal rate of return, payback is comparatively simple to understand and calculate --perfect for "back of the envelope" analysis.
 
 
 
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