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Assume that at the beginning of the year, you purchase an investment for $7,200 that pays $100 annual income. Also assume the investments value has
Assume that at the beginning of the year, you purchase an investment for $7,200 that pays $100 annual income. Also assume the investments value has decreased to $6,800 by the end of the year.
(a) What is the rate of return for this investment? (Input the amount as a positive value. Enter your answer as a percent rounded to 2 decimal places.)
Rate of Return: ______%
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