Appropriate rate of return

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Reference no: EM131807153

A local symphony association offers memberships as follows: Continuing membership, per year $ 15 Patron lifetime membership 375 The patron membership has been based on the symphony association's belief that it can obtain a 4% rate of return on its investment. If you believed 4% to be an appropriate rate of return, would you be willing to purchase the patron membership? Explain why or why not.

Reference no: EM131807153

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