Which term below is best described as "the length of time required to recover the cost of an investment"?

Question

Quizplus · Accepted Answer

The payback period is the time it takes to recover the initial cost of an investment through its cash inflows. It is a measure of how long it takes for an investment to break even. The time value of money refers to the idea that money today is worth more than the same amount of money in the future due to its potential earning power. Capital budgeting is the process of evaluating and selecting long-term investments. An annuity is a series of payments made at regular intervals.

Which Term Below Is Best Described as "The Length of Time