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Problem 3.2 Nature’s Treasure tree farm is trying to decide which fertilizer to use to grow...

Problem 3.2

Nature’s Treasure tree farm is trying to decide which fertilizer to use to grow its trees. It can either buy the famous Greenwood Fertilizer, which costs $5 and can grow trees which can be sold for $8 in 3 years, or it can buy Brian and Peter’s Fertilizer which costs $4 and can grow trees which can be sold for $9 in 7 years. What is the rate of return of each option?

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