What was the nominal annual rate of return

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Betson Enterprises distributes and markets the Big Buck video game, which allows players to "hunt" for elk, antelope, moose, and bucks without shivering outside in the cold. E-sports Entertainment in NYC purchased five machines for $6300 each and took in an average of $610 per week in sales. For a study period of 3 years,

(a) What was the nominal annual rate of return?

(b) What was the effective annual rate of return?

Reference no: EM13736900

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What was the nominal annual rate of return : Betson Enterprises distributes and markets the Big Buck video game, which allows players to "hunt" for elk, antelope, moose, and bucks without shivering outside in the cold. E-sports Entertainment in NYC purchased five machines for $6300 each and too..

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