You purchased a piece of property for 30000 nine years ago


You purchased a piece of property for $30,000 nine years ago and sold it today for $83,190. What was the annual rate of return on your investment?

A) 9%
B) 10%
C) 11%
D) 12%

 

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Finance Basics: You purchased a piece of property for 30000 nine years ago
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