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A laboratory purchased a rheometer machine at $200,000 now. The research laboratory receives funds of $15,000 per year for the whole 10 years of the
A laboratory purchased a rheometer machine at $200,000 now. The research laboratory receives funds of $15,000 per year for the whole 10 years of the project duration. A$300,000 grant at the end of year 10 to for the research team to pursue their study. Determine the rate of return using the hand solution.
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