If a company invests $10,000 and receives $2,775 per year for five years, the rate of return on the investment is nearest to

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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Please provide answer general accounting question

If a company invests $10,000 and receives
$2,775 per year for five years, the rate of
return on the investment is nearest to
Transcribed Image Text:If a company invests $10,000 and receives $2,775 per year for five years, the rate of return on the investment is nearest to
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