PLEASEE HURRY!!! An investor bought one acre of land for 3,500,000 TL in cash. He...
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PLEASEE HURRY!!! An investor bought one acre of land for 3,500,000 TL in cash. He paid 80,000 TL property tax each year for this land. At the end of the fourth year, the investor sold the land. After deducting the selling costs, the investor received 4,400,000 TL.
What was the rate of return for this investment? which one
7.2%
4.7%
6.5%
3.8%
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