Use a financial calculator or a program such as Excel to answer the questions. Round your answers to the nearest whole number.

You purchase a stock for $$9,000$ and collect $$500$ at the end of each year in dividends. You sell the stock for $$11,300$ after four years. What was the annual return on your $$9,000$ investment?

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You purchase a building for $$900,000,$ collect annual rent $($after expenses$)$ of $$120,000,$ and sell the building for $$950,000$ after three years. What is the annual return on this investment?

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You buy a stock for $$1,000$ and expect to sell it for $$850$ after four years but also expect to collect dividends of $$100$ a year. Calculate the return on this investment and prove that it is less than $8$ percent.

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