(Answered) Donny bought a rental property for 300000 cash and one year

Finance

Donny bought a rental property for $300,000 cash and, one year later, sold it for $320,000. His brother Denny bought the building next door with only $60,000 of his own money and borrowed $240,000, and (after ignoring expenses) then sold it for $320,000. What is the rate of return for each investor?

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