To the nearest MonthForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › To the nearest MonthThis topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts January 28, 2018 at 7:40 pm #433663 llkkjjParticipantTopics: 27Replies: 39☆☆Dear Sir,There is an MCQ where i calculated the payback correctly but don’t understand the answer:Answer : A : Payback period = 1 + (19,750/33,250) = 1.59 years or 1 year 7 months to the nearest month.Choice :A 1 year 7 months C 1 year 5 monthsIsn’t C : 1 year 5 months closer then A 1 year 7 months to 1.59 years? January 29, 2018 at 7:22 am #433732 John MoffatKeymasterTopics: 57Replies: 54806☆☆☆☆☆There are 12 months in a year!So 0.59 of a year = 0.59 x 12 = 7.08 monthsAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In