Joe MPurchases a House for $370,000

question 36

Multiple Choice

Joe M.purchases a house for $370,000.He sells the home 7 years later for $600,000.What is his Internal Rate Of Return?(IRR) ?

• A)15.7%
• B)7)15%
• C)7)50%
• D)5)70%

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Definitions:

Declines

The process of diminishing in quality, quantity, or strength over time.

Assertiveness

A characteristic of being self-assured and confident without being aggressive.

Fluctuate

To change or vary irregularly in number, amount, or degree; often used to describe variables that do not remain constant.

Adult Personality

The range of enduring personal characteristics and traits that define an adult individual's enduring patterns of thinking, feeling, and behaving.