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Posted on May 18, 2024

Assume that at the beginning of the year, you purchase an investment for $ 1 4 , 2 0 0 that pays $ 9 5

Assume that at the beginning of the year, you purchase an investment for $

14, 200

that pays $

95

annual income. Also assume the investment

s value has increased to $

15, 800

by the end of the year.

What is the rate of return for this investment?

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