Multiple Choice
Dennis spends $400 on a snowblower,expecting to earn $80 per year for each of the next five years clearing out his neighbors' driveways.The rate of return he expects on this investment is
A) 500 percent per year
B) 100 percent per year
C) 80 percent per year
D) 25 percent per year
E) 20 percent per year
Correct Answer:
Verified
Correct Answer:
Verified
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