Hi Shekar,

Payback is basically a financial tool to see how much it takes to recover 
your invest, in other words break even.

If I invest Rs. 100 in one project which gives me following returns - 1 
year Rs. 30, 2 year Rs. 40, 3 year  Rs. 60. We can see that I recover my 
investment / break even in somewhere in 3 year. We can assume that Rs. 60 
occur evenly throughout the year and we come to payback period of 2.5 years

For more on this topic, you can simply do a google search.

There is no in-build function for this in Excel. 

Regards,
Sharad 

On Friday, August 10, 2012 2:13:04 PM UTC+5:30, shekar wrote:
>
> Hi Sharad,
>
> can u explain in brief??, Unable to get what exactly you want....
>
> On 10 August 2012 11:32, sharad jain <jains...@gmail.com <javascript:>>wrote:
>
>> Hi,
>>
>> I need a formula or macro for calculating payback period which is 
>> dynamic. I mean that it can calculate the payback period for series of data 
>> without changing the formula itself again again.
>>
>> I am attaching an example sheet with 3 scenarios where we can have same 
>> formula / macro.
>>
>> Will appreciate any type of help here.
>>
>> Thanks,
>> Sharad
>>
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