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Assume 50,000 dollars is paid for an asset in present time that yields 6,000 dollars per year in income after all expenses is expected for

Assume 50,000 dollars is paid for an asset in present time that yields 6,000 dollars per year in income after all expenses is expected for each of the next ten years and also the resale value in the tenth year will be 40,000 dollars. What annual compound interest rate (rate of return), or return on investment dollars, will be received for this cash flow? Please explain your work in detail

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