Question
Great Manufacturing Company manufactures compressors for air conditioners. If the company invested $3.6 million in a process that resulted in profits of $850,000 per year
Great Manufacturing Company manufactures compressors for air conditioners. If the company invested $3.6 million in a process that resulted in profits of $850,000 per year for 6 years, what rate of return did the company make on its investment?
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
