Question 10
10 pts
Suppose that you are considering the purchase of a parcel of land for $200,000. The property is vacant
and produces no income, but there are property taxes of $4,000 per year that must be paid. If you hold
the property for 5 years, and get $300,000 from the sale, what would your return be on this investment?
6.74%
8.47%
10.16%
11.80%
13.40%