If Sam invests the inheritance at

17%

annual return, how long should he have to wait to make it worth

$2

million? [Answer Example: For 5.2 years, Enter 5.2. Do not type in "years"]\ Sandra bought a rental house for

$750,000

. She rented it for 7 years at

$3,(500)/()

month. At the end of the

7^(th )

year, she sold it for

$900,000

. What was her average annual rate of return on this investment? [Assume no other cash flows]

5. If Sam invests the inheritance at 17% annual return, how long should he have to wait to make it worth $2 million? [Answer Example: For 5.2 years, Enter 5.2. Do not type in "years"] 6. Sandra bought a rental house for $750,000. She rented it for 7 years at $3,500/mon. At the end of the 7th year, she sold it for $900,000. What was her average annual rate of return on this investment? [Assume no other cash flows]