Question
Babbe Corp. invested $13,500 in a project. At the end of 13 years, the company sold the project for $49,275. What annual rate of
Babbe Corp. invested $13,500 in a project. At the end of 13 years, the company sold the project for $49,275. What annual rate of return did the firm earn on this project?
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
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