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Alexander industries just had a very profitable year. The owner has decided to invest 225000 of the profits in a venture that pays an 8%
Alexander industries just had a very profitable year. The owner has decided to invest 225000 of the profits in a venture that pays an 8% rate of return for fifteen years. How much more would the investment have been worth if the owner could have made 9% on this investment?
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
