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Kelly buys three shares of ownership of a local bar. The shares cost $10,000 each. Each year, she and her partners each receive $2,000 of income per share. If Kelly can sell her shares for $12,000 after collecting her payment in the 6th year, what was her APR? (Enter your answer as a decimal, i.e. if your answer is 2.5%, enter .025 for your response)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92802822

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