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Youre trying to choose between two different investments, both of which have up-front costs of $89,000. Investment G returns $154,000 in 6 years. Investment H
Youre trying to choose between two different investments, both of which have up-front costs of $89,000. Investment G returns $154,000 in 6 years. Investment H returns $274,000 in 13 years. Calculate the rate of return for each of these investments.
Rate of Return | ||
Investment G | % | |
Investment H | % | |
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