Business, 10.12.2019 20:31, svarner2001
An investor originally paid $22,000 for a vacant lot twelve years ago. if the investor is able to sell the lot today for $62,000, what would his annual rate of return be on this investment (rounded to the nearest percent)?
a.7%
b.9%
c.5%
d.11%
Answers: 3
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An investor originally paid $22,000 for a vacant lot twelve years ago. if the investor is able to se...
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