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An investor bought a one-acre lot on the outskirts of a city for $12,700cash. Each year she paid $175 of property taxes . At the
An investor bought a one-acre lot on the outskirts of a city for $12,700cash. Each year she paid $175 of property taxes . At the end of 7 years, she lost the plot for a net value of $25,000. What rate of return did she receive on her investment?
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