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Sam has R596848 that she wants to use to buy a share of her friend's company. The company has an annual net return of R275144,
Sam has R596848 that she wants to use to buy a share of her friend's company. The company has an annual net return of R275144, and money is worth 2% per year, compounded every 2 months. What percentage share can Sam buy? (Give your answer rounded to 6 decimal places. If you think the answer is 10.123456%, type in 0.101235)
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
