le7stylever le7stylever
  • 21-11-2016
  • Mathematics
contestada

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 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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