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nick has a project in mind that will require $100 of money to run the business. the project will last for only one year and cease existence after that. nick has only $45 of his own money and he needs to attract the remaining $55 by borrowing it from his buddy sam. the loan has an 8% annual interest rate. if the end-of-year cash generated by the business activities is $80, what is nick’s rate of return
Sagot :
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