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a)Find Rate of Return on Annuity. Rose Stores, Ltd. has been spending $15,000 at the end...

a)Find Rate of Return on Annuity. Rose Stores, Ltd. has been spending $15,000 at the end of each year for each of the past 5 years to expand its online presence. Today, the firm closed on the sale of its online business for $75,000 cash. What rate of return was earned on this investment?

b)Find Rate of Return on Annuity. Ross Express, Inc., has been spending $15,000 at the end of every year for the past 5 years to develop its online presence. Today, the online division of Ross Express was sold for $150,000. What rate of return was earned on this investment?

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