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. If the permanent annual rate of return on an asset that costs $20,000 is 7 percent, then each year the owner of the asset

. If the permanent annual rate of return on an asset that costs $20,000 is 7 percent, then each

year the owner of the asset will earn:

a. $1,400.

b. $14,000

c. $4,000.

d. $1,800.

e. $1,600.

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