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Tran purchased a house for a rental property for $100,000 five years ago. During the time he owned this rental, his net rent was a total of $4,000. He just sold the property for $120,000. What was his average annual return on this investment?

A) 4.0%
B) 4.8%
C) 24%
D) Not enough information available.

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Category:- Basic Finance
Reference No.:- M9880558

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