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A contractor purchased equipment for $60,000 which provided income of $16,000 per year for 10 years. What is the annual rate of return of the
A contractor purchased equipment for $60,000 which provided income of $16,000 per year for 10 years. What is the annual rate of return of the investment ?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
