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Five years ago, you purchased a condo with $300,000. You rented it to me and received $1000 per month for 60 months from me. Today,

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Five years ago, you purchased a condo with $300,000. You rented it to me and received $1000 per month for 60 months from me. Today, after you receive the $1000, you sold the condo for $500,000. The IRR of this investment is \% p.a. compounded annually. Note that it is not the monthly rate

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