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Answer to Question #221768 in Financial Math for Joe

Question #221768

If the average rate of return is 8,42%, then the original investment ( rounded off to the nearest R 1000) was


1
Expert's answer
2021-08-02T17:02:53-0400

"ARR=\\frac{average \\space net\\space profit}{original \\space investment}=8.42\\%"

original investment "=\\frac{average \\space net\\space profit}{8.42\\%}"


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