DubaiWorks manufactures angular contact ball bearings for pumps that operate in harsh environments. The company invested $2.4 million in a process that resulted in net profits of $760,000 per year for five consecutive years. What rate of return did the company make?
DubaiWorks manufactures angular contact ball bearings for pumps that operate in harsh environments. The company invested $2.4 million in a process that resulted in net profits of $760,000 per year for five consecutive years. What rate of return did the company make?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
DubaiWorks manufactures angular contact ball
bearings for pumps that operate in harsh environments.
The company invested $2.4 million in a
process that resulted in net profits of $760,000 per
year for five consecutive years. What
did the company make?
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