Posted by **Anonymous** on Tuesday, September 3, 2013 at 9:51pm.

Georgia purchased a house in 1998 for $220,000. In 2003 she sold the house and made a net profit of $50,000. Find the effective annual rate of return on her investment over the 5-yr period. Please round the answer to the nearest tenth of percent.

## Answer This Question

## Related Questions

- that - Georgia purchased a house in 1998 for $220,000. In 2003 she sold the ...
- Calculus - Zoe purchased a house in 1999 for $196,000. In 2004, she sold the ...
- Finite Math - Juan invested $24,000 in a mutual fund 5 years ago. Today his ...
- Finite Math - Juan invested $24,000 in a mutual fund 5 years ago. Today his ...
- fnite math - Juan invested $24,000 in a mutual fund 5 years ago. Today his ...
- managerial accounting - The building and equipment are estimated to cost $1,100,...
- Finance - Item Total assets $10,000,000 Total equity (all common) 9,000,000 ...
- Finance - Item Total assets $10,000,000 Total equity (all common) 9,000,000 ...
- Accounting - Olympic Theatre Inc. owns and operates movie theaters throughout ...
- accounting - A new inventory management system for ABC Company could be ...

More Related Questions