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Question: 35 if an investment of 115000 resulted in income of...

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3.5  If an investment of $115,000 resulted in income of $23,000 per year for 10 years, then what was the Rate of Return (ROR), i%, on the investment?  (b) Re-calculate the  Rate of Return (ROR), i%, using the Excel RATE function and record your cell entry and end result.

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