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MrSheridan Is Selling His House for $280,000

Question 52

Multiple Choice

Mr.Sheridan is selling his house for $280,000.He bought it for $55,000 15 years ago.What is the annual return on his investment,assuming monthly compounding?


A) 13.20%
B) 10.90%
C) 3.39%
D) 5.09%

Correct Answer:

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