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I need hep with this question: A local bookseller is considering expanding store space to increase his capacity for books. The rent for additional space
I need hep with this question:
A local bookseller is considering expanding store space to increase his capacity for books. The rent for additional space would cost $3000 per year. The bookseller predicts that the added space will pull in an additional profit of $4000 per year. The current interest rate is 12%. Should the bookseller invest in the extra space ?
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