On jan 1 1965 you purchased a small house in alameda


On Jan. 1, 1965, you purchased a small house in Alameda, California for $20,000. On Jan. 1, 2015, you sold the house for $900,000. What is the effective annual rate of return (compounded annually) on this investment?

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Business Economics: On jan 1 1965 you purchased a small house in alameda
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