Contemporary Engineering Economics (6th Edition)
Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
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Chapter 5, Problem 7P
To determine

Calculate the present worth.

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What is the overall rate of return on a $150,000 investment that returns 19% on the first $50,000 and 28% on the remaining money? The overall rate of return is %.
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