You Purchased a Piece of Property for $30,000 Nine Years

question 18

Multiple Choice

You purchased a piece of property for $30,000 nine years ago and sold it today for $83,190. What was the rate of return on your investment?

• A) 12%
• B) 11%
• C) 10%
• D) 9%

---

Definitions:

Businesslike Approach

A method characterized by efficiency, formality, and a focus on achieving specific objectives or outcomes.

Suitable Bride

A woman deemed appropriate for marriage based on specific criteria, which can vary widely depending on cultural, social, or personal preferences.

Consummate Love

A form of love characterized by the presence of intimacy, passion, and commitment, as described in Robert Sternberg's triangular theory of love.

Romantic Love

A deep emotional, sexual, and affectionate attraction coupled with a commitment to a relationship with a particular person.