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How do I calculate average annual rate of return?
Asked by 2davidc8 (10189)
May 4th, 2017
Suppose I bought something (say, a house) for $53,000 and it’s worth $650,000 40 years later. What’s the average rate of return?
I used to know how to calculate this. What’s the formula?
(And, no, this is not a homework question. I’ve not been in school in decades.)
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