If an investment of 5000 resulted in income of 1000 per, Financial Management

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If an investment of 5000 resulted in income of 1000 per

If an investment of $5,000 resulted in income of $1,000 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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