Venture Capital: Henry invested $12,000 in a new restaurant. When the restaurant was sold two years
Question: Venture Capital: Henry invested $12,000 in a new restaurant. When the restaurant was sold two years later, he received $27,000.00. Find the average annual return by solving the equation 12,000 \[{{\left( 1+r \right)}^{2}}=27,000\] \[\]
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See Answer: The downloadable solution consists of 1 page
Deliverables: Word Document![](/images/msword.png)
Deliverables: Word Document
![](/images/msword.png)