What is the annual return on the investment


Mr. Darden sold his house for $165,000. He bought it for $55,000 nine years ago. What is the annual return on his investment? (Convert this problem into a present value yield, by using the table in the back of your text.

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the annual return on the investment
Reference No:- TGS0674246

Now Priced at $5 (50% Discount)

Recommended (94%)

Rated (4.6/5)