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A person bought a house for $350,000 with closing fees of $1,000. Three years later, the house was sold for $472,000 with $1,200 in closing

A person bought a house for $350,000 with closing fees of $1,000. Three years later, the house was sold for $472,000 with $1,200 in closing fees and a real estate brokers fee of 3% of the selling price. What average annual rate of return was realized on the investment? Calculate in Excel.

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