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Business, 02.03.2020 23:06 Aaron4thw

An investor originally paid $22,000 for a vacant lot 12 years ago. If the investor is able to sell the lot today for $62,000, what would his annual rate of return be on this investment (rounded to the nearest percent)?
A) 5%
B) 7%
C) 9%
D) 11%

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An investor originally paid $22,000 for a vacant lot 12 years ago. If the investor is able to sell t...
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