Suppose that if you invest in a money market account you can get the annual return of

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Suppose that if you invest in a money market account you can get the annual return of 10% during the next five years. Your trustworthy friend Conman suggest that, instead, you should enter into a business with him, guaranteed to return $30,000 every year for the next five years, for the initial investment of $100,000. Assuming you believe him, what is your estimate of the annual worth of the business?
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Organic Chemistry

ISBN: 9788120307209

6th Edition

Authors: Robert Thornton Morrison, Robert Neilson Boyd

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