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Youre trying to choose between two different investments, both of which have up-front costs of $92,000. Investment G returns $157,000 in 9 years. Investment H
Youre trying to choose between two different investments, both of which have up-front costs of $92,000. Investment G returns $157,000 in 9 years. Investment H returns $277,000 in 16 years. |
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Calculate the rate of return for each these investments. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).) |
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