le7stylever le7stylever

21-11-2016
Mathematics

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A business purchased for $650,000 in 1994 is sold in 1997 for $850,000. What is the annual rate of return for this investment?

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syed514 syed514

22-11-2016

The annual rat of return for this investment would be
850000=650000*(1+(r/1))^(1*3)

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