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Question 10 10 pl Suppose that you are considering the purchase of a parcel of land for $200,000. The property is vacant and produces no
Question 10 10 pl Suppose that you are considering the purchase of a parcel of land for $200,000. The property is vacant and produces no income, but there are property taxes of $4,000 per year that must be paid. If you hold the property for 5 years, and get $324,000 from the sale, what would your return be on this investment? 6.74% 8.47% 10.16% 11.80% 13.40%
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