What is the equation that would give you the improved value of your investment (A) after 'n' years with an yearly interest of 'r'.Hello,
If I make an investment of $50,000 in a condo and 3 years later sell it for $105,000 what is my annual rate of return? I have already accounted for expenses, capital gain taxes, HOA dues, selling commission, etc. Thanks
In a previous post, you had indicated that you and your husband are recent retiree (like me) - and NOT working this problem for any class. So I am going to give the answer. If the interest rate is 'r (%)' and if you consider compounding:Sorry, I thought I could just ask a question. I'm thinking $105k-$50k = a profit of $55k divided by 3 years = 18% per year rate of return.