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Sonny purchased 10 acres of land in 1970 for $20,000. In 2000, he sold the land for $100,000. What were the total and annual returns
Sonny purchased 10 acres of land in 1970 for $20,000. In 2000, he sold the land for $100,000. What were the total and annual returns on his investment. The total return on his investment was:[a]%. (Enter a percent rounded to two decimal places.) The answer wasn't 5.51% because it was marked wrong.
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