An individual invests $100,000 in a business at the beginning of the year. At the end of

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An individual invests $100,000 in a business at the beginning of the year. At the end of the year the total value of the investor’s investment has grown by 7.5%. What is the value of this individual’s investment at the end of the year?

a. $107,500

b. $100,000

c. $117,500

d. $7,500

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Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

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Question Posted: Apr 30, 2018 01:26 AM

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An individual invests $100,000 in a business at the beginning of the year. At the end of

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Managerial Accounting for the Hospitality Industry

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