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A national advertising program that costs $250,000 today is expected return a profit (like interest) of $80,000 in 6 years. Determine: (3 marks) The rate
A national advertising program that costs $250,000 today is expected return a profit (like interest) of $80,000 in 6 years. Determine: (3 marks)
The rate of return (interest) using simple interest.
The rate of return (interest) using compound interest (compounded annually), where the Future Value would be $250,000 and $80,000 added together.
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
