Question: help please asap Gainesville is a growing city. So when you graduate you decide to buy a lot just outside of town. You pay $9.075
Gainesville is a growing city. So when you graduate you decide to buy a lot just outside of town. You pay $9.075 for the lot when you graduate. You then pay $81 in property taxes each year. Four (4) years later you are ready to sell the lot. You sell it for $15,304. What rate of return did you earn on the lot? Hint: You will need to use the interpolation formula and can start with i1 - 12% Submit your final answer as a decimal to 3 decimal places. EX: 0.343 Margin of error +/-0.005 Enter your answer up to 4 decimal places
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