Suppose a number of your friends have organized a company to develop and sell a...
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Accounting
Suppose a number of your friends have organized a company to develop and sell a new software product. They have asked you to loan them $9,000 to help get the company started, and they have promised to repay your $9,000 plus 8% interest in one year. Of the following, which amount may be described as the return on your investment?
$720.
$8,280.
$9,720.
$9,000.
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