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Ray seo has 5000 to invest in a small business venture his

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Ray Seo has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,200 in five years. What is the return earned on this investment?

A) 9.3%

B) 8.7%

C) 11.1%

D) 10.4%

Reference no: EM13482708

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