You purchased a piece of property at $450,000 six years ago. You can sell theproperty at $650,000. What is the rate of return on this real estate investment?

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
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Chapter29: Interest, Rent, And Profit
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You purchased a piece of property at $450,000 six years ago. You can sell the
property at $650,000. What is the rate of return on this real estate investment?

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