You buy a house that costs $10,000. Its annual maintenance cost = $100/year. After 5 years, you can sell it for $20,000. Find the rate of return on this investment. Answer (most nearly number) O 14% O 17% O 11% O 15%

You buy a house that costs $10,000. Its annual maintenance cost = $100/year. After 5 years, you can sell it for $20,000. Find the rate of return on this investment. Answer (most nearly number) O 14% O 17% O 11% O 15%

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 27P

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Can somone people me solve this and explain too? Thank you

You buy a house that costs $10,000. Its annual maintenance cost = $100/year. After 5 years, you can
sell it for $20,000. Find the rate of return on this investment. Answer (most nearly number)
14%
O 17%
11%
15%

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