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What annual rate of return did you earn

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Reference no: EM13299572

You discover an antique in your attic that you purchased at an estate sale 10 years ago for $400. You auction it on EBay and receive $8,000 for your item. What annual rate of return did you earn?

a. 20.00%
b. 34.93%
c. 30.47%
d. 200.00%

 

Reference no: EM13299572

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