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OpenStudy (anonymous):
A company made a profit of $75,000 over a period of 6 years on an initial investment of $15,000. What is its annualized ROI? A: 26% B: 66.66% C: 83.33%
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OpenStudy (anonymous):
Where A is the final amount of money, I is the initial investment, i is the interest rate and n is the time in years. If you substitute all the information you have into this formula, you can rearrange to find i. Does this help?
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