Joe M. purchases a house for $410,000. He sells the home 8 years later for $629,000. What is his internal rate of return (IRR)?
A) 5.15%
B) 1.50%
C) 15%
D) 5.50%

Name: Joe M. purchases a house for $410,000. He sells the home 8 years later for $629,000. What is his internal rate of return (IRR)? A) 5.15% B) 1.50% C) 15% D) 5.50%
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The Answer of Joe M. purchases a house for $410,000. He sells the home 8 years later for $629,000. What is his internal rate of return (IRR)?
A) 5.15%
B) 1.50%
C) 15%
D) 5.50%

Joe M Purchases a House for $410,000