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Ron invested $12,500 to help his friend Randy start his own cooking school five years ago. The business proved to be successful for beyond Randys
Ron invested $12,500 to help his friend Randy start his own cooking school five years ago. The business proved to be successful for beyond Randys expectations. Today he is returning a check to Ron and has told him that as best as he could figure, he was receiving the equivalent of about 38% per year for his initial investment. What is the amount of check Randy has for Ron today?
$56,733.57 |
$62,561.25 |
$44,632.49 |
$66,980.35 |
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