Mr. Darden sold his house for $165,000. He bought it for $55,000 nine years ago. What is the annual return on his investment?

Mr. Darden sold his house for $165,000. He bought it for $55,000 nine years ago. What is the annual return on his investment? (Convert this problem into a present value yield, by using the table in the back of your text. Show all work/calculations/formulas)

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