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Hillier Hillier
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Posts: 550
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6 years ago
Saint Mary's is offered a contract, which requires an immediate investment of $25 million. The estimated returns are $5 million per year for 20 years. Compute the rate of return.
A) 19.42%
B) 99.9%
C) 7.75%
D) 12.45%
E) 13.79%
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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