You Paid $75,000 for 13 Acres of Land in 2005

question 64

Multiple Choice

You paid $75,000 for 13 acres of land in 2005 and sold the land four years later for $120,000. What was the annualized rate of return on your investment, rounded to the nearest tenth of a
Percent?

• A)9.9%
• B)12.5%
• C)15.0%
• D)none of the above

---

Definitions:

Stolen Goods

Items that have been taken without permission or acquired illegally, typically with the intent to sell for profit.

Express Warranty

An explicit promise by the seller regarding the condition, functionality, or performance of a product.

Statement of Opinion

A declaration that reflects someone's personal belief, perspective, or judgment, rather than an objective fact.

Medical Device

A medical device is any instrument, apparatus, implement, machine, appliance, implant, reagent for in vitro use, software, material, or other similar or related article, intended by the manufacturer to be used, alone or in combination, for a medical purpose.