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You purchased a nice townhouse two years ago for $ 2 0 0 , 0 0 0 . You can sell it today for $

You purchased a nice townhouse two years ago for $200,000. You can sell it today for
$250,000. What annual rate of return (r%) have you earned?
25%
12.5%
none of the above.
11.8%
8%
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