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Your client paid $57,000 for a property that generated monthly cash flows of $340 (end of month) for 7 years, plus a lump sum cash
Your client paid $57,000 for a property that generated monthly cash flows of $340 (end of month) for 7 years, plus a lump sum cash flow of $60,000 at the end of the 7 years from the sale of the property. What annual rate of return did the client earn from the property? (Answer as an APR, monthly compounding)
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