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3)You have $1,800 that you want to invest in your classmate's start-up business. You believe the business idea to be great and expect to get
3)You have $1,800 that you want to invest in your classmate's start-up business. You believe the business idea to be great and expect to get $4,900 back at the end of three years. If all goes according to the plan, what will be the return on your investment?(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to two decimal places, e.g. 8.72%.)
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