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Julie buys a house for $250,000 cash plus closing fees of $3500. Three years later, Julie gets a new job and must move. She sells
Julie buys a house for $250,000 cash plus closing fees of $3500. Three years later, Julie gets a new job and must move. She sells the house for $272,000 with $4200 in closing fees plus she pays a real estate broker's fee of 3% of the total selling price (closing fees not included in the 3%). What average annual rate of return does Julie realize on her investment in this home
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