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Mr. Sheridan is selling his house for 280000. He bought it for 55,000 15 years ago. What is the annual return on his investment, assuming
Mr. Sheridan is selling his house for 280000. He bought it for 55,000 15 years ago. What is the annual return on his investment, assuming monthly compounding? Answer - 10.9%
I am using my financial calculator and entering 55,000 as PV, 280,000 as FV and N as 15. This doesn't get the right answer. What am I doing wrong?
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