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A small construction company has $180,000 set aside in a capital improvement fund to purchase new equipment. If $10,000 is invested at 18%, $36,000 at
A small construction company has $180,000 set aside in a capital improvement fund to purchase new equipment. If $10,000 is invested at 18%, $36,000 at 23%, and the remaining $134,000 at 23% per year, what is the overall rate of return on the entire $180,000?
The overall rate of return on the entire $180,000 is % per year.
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