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

Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition | ISBN: 9780470876398 | Authors: Michael Sullivan ISBN: 9780470876398 408

Solution for problem 62 Chapter 6.2

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

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Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition | ISBN: 9780470876398 | Authors: Michael Sullivan

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

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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?

Step-by-Step Solution:
Step 1 of 3

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Step 2 of 3

Chapter 6.2, Problem 62 is Solved
Step 3 of 3

Textbook: Finite Mathematics, Binder Ready Version: An Applied Approach
Edition: 11
Author: Michael Sullivan
ISBN: 9780470876398

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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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