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Sofia bought a rental house for $650,000. She rented it for 5 years at $3,100/month. At the end of the 5th year, she sold it
Sofia bought a rental house for $650,000. She rented it for 5 years at $3,100/month. At the end of the 5th year, she sold it for $750,000. What was her average annual rate of return on this investment? [Assume no other cash flows]
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
