Open Microsoft Excel. Create an Excel table with a few repetitive numbers. Type into the cell where you want to place the result, =MODE (A2:E2). A2:E2 is where the range of data is.

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.

Follow along in this step-by-step guide to learn how to easily calculate hours worked in Microsoft Excel.