Patrick Smith Has $5,000 to Invest in a Small Business

question 76

Multiple Choice

Patrick Smith has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,200 in five years. What is the return that this investment earns?

• A) 9.3%
• B) 8.7%
• C) 11.1%
• D) 10.4%

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