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Patrick Smith has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,600 in five years. What is
Patrick Smith has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,600 in five years. What is the return that this investment earns? HINT: textbook 5.4 Additional Concepts and Applications O 11.46% O 10,40% O 11.10% O8.76%
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
7th Canadian Edition
1259650650, 978-1259650659
