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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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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?

User Nvartolomei
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1 Answer

1 vote
The annual rat of return for this investment would be
850000=650000*(1+(r/1))^(1*3)
User JimmyOnThePage
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