What rate of return did she receive on her investment

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Reference no: EM131806945

An investor bought a one-acre lot on the outskirts of a city for $9000 cash. Each year she paid $80 of property taxes. At the end of 4 years, she sold the lot for a net value of $15,000. What rate of return did she receive on her investment?

Reference no: EM131806945

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