An investor originally paid $34,156 for a vacant lot 11 years ago. If the investor is able

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An investor originally paid $34,156 for a vacant lot 11 years ago. If the investor is able to sell the lot today for $68,383, what would

his annual rate of return be on this investment?

Answer should be formatted as a percent with two decimal places.

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Jan 05, 2023 03:16 AM

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An investor originally paid $34,156 for a vacant lot 11 years ago. If the investor is able

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