What is rate of return on investment

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Reference no: EM131923719

Suppose Shaan invested just $10,300 of his own money and had a $93,000 mortgage with an interest rate of 9.5 percent. After three years, he sold the property for $128,500.

(a) What is his gross profit?

(b) What is his net profit or loss? (Input the amount as a positive value.)

(c) What is the rate of return on investment? (Negative amount should be indicated by a minus sign. Enter your answer as a percent rounded to 2 decimal places.)

Reference no: EM131923719

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