Boris Arshavin Invested $1 Million in Buying a House in 2002

question 4

Short Answer

Boris Arshavin invested $1 million in buying a house in 2002, and sold it for $2.5 million in 2005. The consumer price index for 2002 and 2005 were 180 and 210, respectively. Compute the real return Boris earned from selling the house.

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Definitions:

Antecedents

events or conditions that precede and influence behaviors or outcomes.

Negative Reactions

Adverse responses or feedback to a situation, action, or stimulus, often characterized by opposition or dislike.

Assessments

Systematic evaluations or analyses of a process, person's performance, or program to determine its effectiveness or quality.

Geographic Moves

The process of changing one's place of residence or location, often significant distances, which can impact personal, social, or economic aspects of life.