What is the rate of return for buying the annual permit

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Reference no: EM132161025

Question: An engineering student is deciding whether to buy two 1-semester parking permits or an annual permit. The annual parking permit costs $100 due August 15th, and the semester permits are $65 due August 15th and January 15th. What is the rate of return for buying the annual permit?

Reference no: EM132161025

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