Five years ago, Teresa purchased an investment property for $189,795. He sold it today for $249,999. Based on this information, what was her annualized rate of return? 5.66% 7.59% 6.18% 5.75%
Five years ago, Teresa purchased an investment property for $189,795. He sold it today for $249,999. Based on this information, what was her annualized rate of return? 5.66% 7.59% 6.18% 5.75%
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
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Question
Five years ago, Teresa purchased an investment property for $189,795. He sold it today for $249,999. Based on this information, what was her annualized
5.66%
7.59%
6.18%
5.75%
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