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%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
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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%

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