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    Eduardo Bought a House for $120,000 Five Years Ago
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Eduardo Bought a House for $120,000 Five Years Ago

Question 15

Question 15

Multiple Choice

Eduardo bought a house for $120,000 five years ago.He has just sold it for $180,000.What annual rate of return did he earn on this investment?


A) 10%
B) 8.45%
C) 1.08%
D) 3.13%

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