An investment requires an initial outlay of $45 000. Net returns are estimated to be $14 000

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An investment requires an initial outlay of $45 000. Net returns are estimated to be $14 000 per year for eight years. Determine the rate of return.
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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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