Calculate the Return on Investment of an investment of 100, which returns 53 at the end of year 1 and 55 at the end of year 2. No hand written solution and no image

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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Calculate the Return on Investment of an investment of 100, which returns 53 at the end of year 1 and 55 at the end of year 2. No hand written solution and no image 

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