Valuating the return on the investment

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Reference no: EM1312366

Ray Seo 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 earned on this investment?

a) 9.3%

b) 8.7%

c) 11.1%

d) 10.4%

Reference no: EM1312366

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