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Frank bought a duplex for $100,000 5 years ago. He wasn't very successful and his rental income during the 5 years he owned the property
Frank bought a duplex for $100,000 5 years ago. He wasn't very successful and his rental income during the 5 years he owned the property was $4,000 ($800/year). The duplex was sold today for $120,000. What was his average annual return on this investment? Group of answer choices 24% 20% 4.8% 4%
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