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Jill buys a house for $ 8 00k, lives there for exactly 10 years and sells it. Suppose Jills annual cost of ownership is exactly

Jill buys a house for $800k, lives there for exactly 10 yearsand sells it.

Suppose Jills annual cost of ownership is exactly equal to the annual rent she would have paid to live in the same house.

Suppose the price of Jills house grows 3.4% annually.

Compute Jillsannual IRR from owning net of renting.

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