A labor saving device system save $2,000 per year for five (5) years. It can be installed at a cost of $8,000. The rate of return on this planned investment is most nearly:   a. = 12.36%   b. = 9.36%   c. 10%   d. i = 8%

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A labor saving device system save $2,000 per year for five (5) years. It can be installed at a cost of $8,000. The rate of return on this planned investment is most nearly:
 
a.
= 12.36%
 
b.
= 9.36%
 
c.
10%
 
d.
i = 8% 
A labor saving device system save $2,000 per year for five (5) years. It can be installed at a cost of $8,000. The rate of return on this planned investment is most neaty
O a.-12.36%
b.-9.36%
O c. 10M
Odi=8%
Transcribed Image Text:A labor saving device system save $2,000 per year for five (5) years. It can be installed at a cost of $8,000. The rate of return on this planned investment is most neaty O a.-12.36% b.-9.36% O c. 10M Odi=8%
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