An investment of $60,000 resulted in uniform income of $10,000 per year for 10 years. The rate

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An investment of $60,000 resulted in uniform income of $10,000 per year for 10 years. The rate of return on the investment was closest to:

a. 10.6% per year

b. 14.2% per year

c. 16.4% per year

d. 18.6% per year

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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Oct 26, 2024 07:00 AM

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An investment of $60,000 resulted in uniform income of $10,000 per year for 10 years. The rate

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Basics Of Engineering Economy

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