Evelyn pays $5,000 for shares in a new company. She sells the shares 10 years later for $19,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
Evelyn pays $5,000 for shares in a new company. She sells the shares 10 years later for $19,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 63P
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Evelyn pays $5,000 for shares in a new company. She sells the shares 10 years later for $19,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
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