An investment of $23,500 in new equipment will generate income of $6,500 per year for 10 years. What is the RoR of this investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 28P
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An investment of $23,500 in new
equipment will generate income of $6,500
per year for 10 years. What is the RoR of
this investment?
Transcribed Image Text:An investment of $23,500 in new equipment will generate income of $6,500 per year for 10 years. What is the RoR of this investment?
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