Tran purchased a house for a rental property for $100,000 five years ago. During the time he owned this rental, his net rental income was a total of $4,000. He just sold the property for $120,000. What was his average annual return on this investment?
A) 4.0%
B) 4.8%
C) 20%
D) 24%
Answer: B
Business
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Which of the following best describes the pricing objective typically used by regulated utilities such as gas and electricity?
A) penetration pricing B) skimming C) investment pricing D) competitive pricing
Business
Identify the sentence that correctly uses the simple past tense
A) Jeannie begun her homework yesterday. B) Jeannie was beginning her homework yesterday. C) Jeannie began her homework yesterday. D) Jeannie had began her homework yesterday.
Business