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Rate of return on the investment based problem

Question: An investment of $50,000 resulted in uniform income of $10,000 per year for 10 years and a single amount of $5,000 in year 5. The rate of return on the investment was closest to?

A. 10.6% PER YEAR
B. 14.2% PER YEAR
C. 16.4% PER YEAR
D. 18.6% PER YEAR

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Finance Basics: Rate of return on the investment based problem

Reference No:- TGS01812518

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