Terri Buys a House for $200,000 and Expects to Sell

question 253

Multiple Choice

Terri buys a house for $200,000 and expects to sell it in three years for $300,000. Her expected percentage rate of return over that three-year period is

• A) 25 percent.
• B) 33 percent.
• C) 50 percent.
• D) 67 percent.

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Definitions:

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings across eight stages from infancy to adulthood.

Puberty

The period of physical development during which sexual reproduction first becomes possible.

Motor Development

The progression of muscular coordination and the development of fine and gross motor skills from infancy through adulthood.

Brain Maturation

The process of growth and development of the brain, which continues into young adulthood.