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You buy a property in early 2007 for 350000 by the end of

You buy a property in early 2007 for $350,000. By the end of 2012, when the housing market somewhat recovers, you sell the property for $450,000. During the 7 years that you own the property, it generates a monthly net rental income of $600. What is your rate of return?

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Microeconomics: You buy a property in early 2007 for 350000 by the end of

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