An investment of $100 000 yields annual net returns of $20 000 for 10 years If the

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An investment of $100 000 yields annual net returns of $20 000 for 10 years If the residual value of the investment after 10 years is $30 000, what is the rate of return on the investment (correct to the nearest 10th of a percent)?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:38 AM

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An investment of $100 000 yields annual net returns of $20 000 for 10 years If the

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Contemporary Business Mathematics with Canadian Applications

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