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2 June, 09:11

A business purchased for $650,000 in 1994 is sold in 1997 for $850,000. What is the annual rate of return for this investment?

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  1. 2 June, 11:13
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    The annual rat of return for this investment would be

    850000=650000 * (1 + (r/1)) ^ (1*3)
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