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A house in Vancouver that was purchased 30 years ago for $250,000 recently sold for $1.5 million. Calculate the annual rate of return for this

A house in Vancouver that was purchased 30 years ago for $250,000 recently sold for $1.5 million. Calculate the annual rate of return for this investment.

		6.15%
		5.15%
		7.15%
		9.15%
		8.15%

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