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Owen invested $2 000 three years ago. He has been tracking the investment by recording its value at the end of each year. Year
Owen invested $2 000 three years ago. He has been tracking the investment by recording its value at the end of each year. Year Number 0 Value of the Investment ($) 2.000.00 1 2 3 2 160.00 2 309.00 2 477.98 This data can be modelled by an exponential regression equation in the form y = a.b*. The average annual rate of return on this investment, b, to the nearest tenth of a percentage, is
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
