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05-01-2018
Business

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An investment costs $3,460 and pays $250 in perpetuity. what is the interest earned on this investment?

Respuesta :

19-01-2018

Given: -
Investment cost = $3,460
Perpetuity = $250
We need to find interest on investment.
Solution: -
Interest on investment = (Perpetuity/Investment Cost) * 100
Putting values in above formula,
($250/$3,460) * 100 = 7.225%

Interest on investment = 7.225%

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