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Your grandmother bought a house 40 years ago for $20,000. Today she sold the house for $92,000. What was your grandmothers rate of return (annual)

Your grandmother bought a house 40 years ago for $20,000. Today she sold the house for $92,000. What was your grandmothers rate of return (annual) on this investment? Solve using an HP 10 bII+ Financial Calculator.

a. 3.89% b. 4.54% c. 4.67% d. 10.16%

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