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How much was the return on my investment in the business

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Reference no: EM132755224

Question - Now if my bank paid me 5% annual interest, compounded monthly, then how much would I have in 10 years if I invest $ 1,000 today?

And if my friend opened a business in which I invested $2,500 and after three years it returned $3,700, how much was the return on my investment in the business?

Reference no: EM132755224

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