Question
Lionel invested $205,000 to purchase a home. After 9 years, he sold the home for $300,000. Calculate the effective interest rate earned on this investment.
Lionel invested $205,000 to purchase a home. After 9 years, he sold the home for $300,000. Calculate the effective interest rate earned on this investment.
%Round to two decimal places
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
