You had invested $45000 in cash for purchasing a house at a price of $245000. The current
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Question:
You had invested $45000 in cash for purchasing a house at a price of $245000. The current value of the house (after one year) is $275000.
a. Calculate the % change in the house price.
b. Calculate the return on investment to you as the owner of the house.
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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