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Ross Stores has been investing $135,000 a year for the past 5 years into a business venture. Today, that venture was sold for $925,000. What
Ross Stores has been investing $135,000 a year for the past 5 years into a business venture. Today, that venture was sold for $925,000. What rate of return was earned on this investment?
- 12.43%
- 14.06%
- 15.59%
- 15.67%
- 15.81%
Thanks for the help!
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