Business, 18.01.2021 14:00, felipa11

You purchase a $1,000 asset for $800. It pays $60 a year for seven years at which time you receive the $1,000 principal. Prove that the annual return on this investment is not 9 percent.

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You purchase a $1,000 asset for $800. It pays $60 a year for seven years at which time you receive t...