You just purchased a house for $ 160,000, in 5 years it's market value will be...
You just purchased a house for $ 160,000, in 5 years it's market value will be $175,000. What will be the rate of return on your house? (what return (annual) will you earn on your investment?).
Homework Answers
Purchase price = 160,000
Market value = 175,000
Annualised return = CAGR = (175,000/160,000)^1/5 -1 = 1.8%
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