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A Plant Nursery Pays $2,000 for 800 One-Gallon Flowering Trees,plants

Question 112

Essay

A plant nursery pays $2,000 for 800 one-gallon flowering trees,plants them,and forgets them.Five years later,the nursery is able to sell each of the 100 trees that survived for $50 each.What is the rate of return on its total investment?

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r = (FV/PV...

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