Answer to Question #312163 in Engineering for Glady

Question

Say that you buy a house for $250,000 (for simplicity let's assume you pay 100% cash). Six years later, you decide to sell the house maybe your family is growing and you need to move into a larger place. You are able to sell the house for $335,000, after deducting any realtor's fees and taxes. Find simple rate of return on the purchase and sale of the house.

Answer 1

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