Return on an Investment A business purchased for $650,000 in 2008 is sold in 2011 for $850,000. What is the annual rate of return for this investment?

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Math - Textbook Survival Guide

ISBN: 9780470876398
408

Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition

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Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition

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11

5

Problem 62

Return on an Investment A business purchased for $650,000 in 2008 is sold in 2011 for $850,000. What is the annual rate of return for this investment?

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##### Textbook: Finite Mathematics, Binder Ready Version: An Applied Approach

##### Edition: 11

##### Author: Michael Sullivan

##### ISBN: 9780470876398

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f/'t F fr" L*t,'tffi'; i1i)' j x"^ r"'(V '/, IJ\I ., -r --fr'' L.,-r tt\-\ ruil *-l l-l t-...

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Return on an Investment A business purchased for $650,000 in 2008 is sold in 2011 for

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Math - Textbook Survival Guide