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28 August, 03:27

An investment costs $3,460 and pays $250 in perpetuity. what is the interest earned on this investment?

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  1. 28 August, 03:36
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    Given: -

    Investment cost = $3,460

    Perpetuity = $250

    We need to find interest on investment.

    Solution: -

    Interest on investment = (Perpetuity/Investment Cost) * 100

    Putting values in above formula,

    ($250/$3,460) * 100 = 7.225%

    Interest on investment = 7.225%
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