An investor boughta one-acre lot on the outskirts of acity

Chapter , Problem 7-52

(choose chapter or problem)

An investor boughta one-acre lot on the outskirts of acity for $9000 cash. Each year she paid $80 of prop-erty taxes. At the end of 4 years, she sold the lot fora net value of $15,000. What rate of return did shereceive on her investment

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