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A small engineering firm has $100,000 set aside in a capital improvement fund to purchase new equipment. If $30,000 is invested at 30%, $20,000 at
A small engineering firm has $100,000 set aside in a capital improvement fund to purchase new equipment. If $30,000 is invested at 30%, $20,000 at 25%, and the remaining $50,000 at 20% per year, the overall rate of return on the entire $100,000 is estimated to: Select one: a. 24 % per year O b. 28 % per year C. 22 % per year d. 16% per year
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