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You are going to invest $60,000 in BAC, Inc. and expect to earn 30% on the investment. Your brother-in-law will lend you $35,000 for the
You are going to invest $60,000 in BAC, Inc. and expect to earn 30% on the investment. Your brother-in-law will lend you $35,000 for the investment if you pay him 10% of the loan. If you take his
loan, what rate of return should you expect to earn on your money?
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