A businessman invested Php 50,000 in a company that engage in manufacture of plastic products. In return he receives Php 3,000 per year for 5 years and his Php 5000 investment back at the end of the 5 years. Compute the rate of return of the investment.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
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A businessman invested Php 50,000 in a company that engage in manufacture of plastic products. In return he receives Php 3,000 per year for 5 years and his Php 5000 investment back at the end of the 5 years. Compute the rate of return of the investment.

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