document.write( "Question 39253: Please help me with this word problem.\r
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document.write( " 1. A house was bought for $50,000 and was sold 15 years later for $95,000. Find the effective yield.\r
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document.write( "Thank you very much \n" );
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Algebra.Com's Answer #24683 by fractalier(6550)![]() ![]() You can put this solution on YOUR website! Well the gross profit was $95,000 - $50,000 = $45,000 \n" ); document.write( "If we divide that by 15 years, we get an annual yield of \n" ); document.write( "$3,000 per year. \n" ); document.write( " |