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An engineer purchases a house and sells it at the end of year 5. According to the data given below. what is the rate

 

An engineer purchases a house and sells it at the end of year 5. According to the data given below. what is the rate of return of this investment? Purchase price Rental income Property tax Resale value at EOY 5 $60,000 $6,000 at EOY1, increasing by 10% each year $50 at EOY1, increasing by $25/yr $80,000

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