The cost of a water jet machine to be used for slicing


The cost of a water jet machine to be used for slicing cheese is $45,640. The machine will generate net annual income of $10,000 during its useful life of 7 years. Determine the rate of return of on investment in this machine. Express the answer as an integer. For example, enter 10 for 10% (Hint, this problem can be solved from the Compound Interest factors tables

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Business Economics: The cost of a water jet machine to be used for slicing
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