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What Is the Rate of Return on an Investment of $16,278

question 90

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What is the rate of return on an investment of $16,278 if the company expects to receive $3,000 peryear for the next 10 years?


Definitions:

Check Amount

The numeric value indicating the total funds payable by the check.

Balance Carried Forward

The amount of money from a previous accounting period that is transferred to the current period's accounts.

Markup Percent

A percent that is used to compute the amount of dollar markup by multiplication. It could be a percent that multiplies the cost to find the dollar markup; or, it could be a percent that multiplies the selling price to find that dollar markup.

Selling Price

The price at which a product or service is offered to the buyer.

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