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You purchase a magic crystal ball for $23,000 and go into the fortune-telling business. In the first year after the purchase you make $6000.
You purchase a magic crystal ball for $23,000 and go into the fortune-telling business. In the first year after the purchase you make $6000. This amount increases $500 per year for each of the next four years. The rate of return on the ball's purchase is O 18.8% O 15.0% O 20.8% O 16.8%
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
