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Find out annual rate of return from trade

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Reference no: EM132589793

You decide to sell the car you bought for $18,000 three years ago. Two years ago you had to fix the engine for $2,500. Last year you paid $500 to leave the car at the car dealer to sells it. Today the dealer sold the car and gave you $16,500. What was your annual rate of return from this trade?

Reference no: EM132589793

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