After graduation, Adrian moved across the country to Brownville and bought a small house for $208,000. Bill
Question:
1. What annual rate of return did Adrian realize on her house?
2. What annual rate of return did Bill realize on his house?
a. CALC: n = 4 r = ? PV = -$208,000 PMT = 0 FV = $256,000 r = 5.33%
b. CALC: n = 4 r = ? PV = -$195,000 PMT = 0 FV = $168,000 r = -3.66%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: