You sell a property for $140,000 that you purchased for $65,000 for cash three years earlier. What was the return (monthly compounding) on your invested capital?
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Answer for 12/01/2014 problem:
(N=120,I=8,PV= -500,000,PMT=0) FV= $1,109,820.12
(N=120,I=4.5,PV= -500,000,PMT=0) FV=$ 783,496.39