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Feel free to use Excel or financial calculators. Please provide key steps to each question, e.g., PV = ..., FV = ..., PMT = 100

Feel free to use Excel or financial calculators. Please provide key steps to each question, e.g., PV = ..., FV = ..., PMT = 100 ,,,)

An investment group purchased a property in 1995 for $300,000 and sold it for $900,000 in 2002. What is the annualized rate of return on this property?

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