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Compute what will be the return on investment

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Reference no: EM132904277

Problem 1: You have $3,000 that you want to invest in your classmate's start-up business. You believe the business idea to be great and expect to get $3,950 back at the end of three years. If all goes according to plan, what will be the return on your investment? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.)

Reference no: EM132904277

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