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

question 188

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


Definitions:

Portfolio Diversification

An investment strategy that involves spreading investments across different financial assets to reduce risk.

Diverse Securities

A variety of financial instruments that an investor holds, including stocks, bonds, and commodities, to reduce risk through diversification.

Portfolio Weight

The percentage composition of a particular holding in comparison to the total investment amount.

Portfolio Weight

The percentage composition of a particular holding in comparison to the total value of the investment portfolio.

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