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August 29, 2014

Homework Help: Calculus

Posted by Catie on Sunday, July 15, 2012 at 10:30pm.

Zoe purchased a house in 1999 for $196,000. In 2004, she sold the house and made a net profit of $80,000. Find the effective annual rate of return on her investment over the 5-year period. (Round your answer to the nearest hundredth of a percentage point.)

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