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The payback period is the amount of time needed to recover an initial investment outlay. The main advantage of using the payback period as a calculation for evaluating projects is its simplicity.
Additionally, Excel’s automation tools, such as macros and templates, can save significant time by handling repetitive tasks like formatting, data cleaning, or chart creation.
While Excel's charts are excellent tools for displaying complex data in more understandable ways, sometimes, you might want to quickly visualize your numbers in a simpler way that also takes up ...
The payback period is the amount of time needed to recover the initial outlay for an investment. Learn how to calculate it with Microsoft Excel.