Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jenna purchased a 5-acre parcel of land for $28,000 and sold it two years later for $45,000. What was her return on that investment? The

Jenna purchased a 5-acre parcel of land for $28,000 and sold it two years later for $45,000. What was her return on that investment? The return on Jenna's investment is ____________ %. (Enter as a percentage and round to one decimal place.)

Step by Step Solution

3.44 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Gijven Purchase price 28000 S... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental financial accounting concepts

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

8th edition

978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365

More Books

Students also viewed these Accounting questions

Question

What is a credit rating? What is a credit spread?

Answered: 1 week ago