Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You bought a house for $600,000 in 2004, you sold the house in 2009 for $300,000 at the same time of year you bought it,

You bought a house for $600,000 in 2004, you sold the house in 2009 for $300,000 at the same time of year you bought it, what compound annual rate of return did you get from buying and selling his house?

-12.94%

-10.37%

-9.33%

-20.36%

-11.36%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes

2nd Edition

0256079056, 9780256079050

More Books

Students also viewed these Finance questions

Question

Describe how self-defeating attitudes create a vicious cycle.

Answered: 1 week ago

Question

Define line and staff authority

Answered: 1 week ago

Question

Define the process of communication

Answered: 1 week ago

Question

Explain the importance of effective communication

Answered: 1 week ago

Question

* What is the importance of soil testing in civil engineering?

Answered: 1 week ago

Question

Discuss how technology impacts HRD evaluation

Answered: 1 week ago