Question
You purchase a property for $263,000. Your annual cash flow for the property is $3,500. After 4 years (4 cash flows), you sell the property
You purchase a property for $263,000. Your annual cash flow for the property is $3,500. After 4 years (4 cash flows), you sell the property for $320,000. What is your internal rate of return on this investment property?
Answer should be formatted as a percent with 2 decimal places (e.g. 99.99)
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Mutual Fund Industry Handbook
Authors: Gremillion
1st Edition
0471736244, 978-0471736240
