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EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
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Please answer this question correctly ASAP. Thank you.
Mr. Darden is selling his house for $200,000. He bought it for $164,000 ten years
ago. What is the annual return on his investment?
2%
Between 3% and 4%
10%
O Less than 1%
Transcribed Image Text:Mr. Darden is selling his house for $200,000. He bought it for $164,000 ten years ago. What is the annual return on his investment? 2% Between 3% and 4% 10% O Less than 1%
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