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A Certain Machine Will Last One Year, Will Produce $120

Question 103

Multiple Choice

A certain machine will last one year, will produce $120 in income (received one year later) , and will cost $100.The lowest interest rate at which this investment will be unprofitable is


A) 10 percent.
B) 11 percent.
C) 19 percent.
D) 22 percent.

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