Even though money loses purchasing power during inflationary periods, people still choose to hold part of their wealth in the fo
1 answer:
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Answer: 28.57%
Explanation:
Average return given the variables will be;
Average rate of return =
Average rate of return = 1,000,000/3,500,000
Average rate of return = 28.57%
Answer:
Please find the complete solution in the attachment file.
Explanation:
Please find the attachment table for the 3 years of cash flow:
