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Refer to the problem below. Hana considers buying a business for R 700 000.00. The business is expected to run for 3 years and the following returns are expected: YEAR RETURNS (R) 1 200 000 2 400 000 3 150 000 A project of this type is expected to return at least 15% per annum. The total amount of money the business will make at the end of the 3 years is:

Refer to the problem below. Hana considers buying a business for R 700 000.00. The business is expected to run for 3 years and the following returns are expected: YEAR RETURNS (R) 1 200 000 2 400 000 3 150 000 A project of this type is expected to return at least 15% per annum. The total amount of money the business will make at the end of the 3 years is:

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Refer to the problem below. Hana considers buying a business for R 700 000.00. The business is expected to run for 3 years and the following returns are expected: YEAR RETURNS (R) 1 200 000 2 400 000 3 150 000 A project of this type is expected to return at least 15% per annum. The total amount of money the business will make at the end of the 3 years is:
Transcribed Image Text:Refer to the problem below. Hana considers buying a business for R 700 000.00. The business is expected to run for 3 years and the following returns are expected: YEAR RETURNS (R) 1 200 000 2 400 000 3 150 000 A project of this type is expected to return at least 15% per annum. The total amount of money the business will make at the end of the 3 years is:
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