What was the ROR on this investment?

At the end of 1987 you bought a piece of land for $35000. In addition to the $35000 you paid $1 Show more At the end of 1987 you bought a piece of land for $35000. In addition to the $35000 you paid $1700 in closing costs (costs associated with the purchase and title registration). For the years 1988 through 2002 you paid on average $950 in property taxes at the end of each year. At the end of 2003 you sold the land for $120000. A sale time you paid a 6% commission to the realtor and $1600 was your share of the closing costs. What was the ROR on this investment? Show less

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