February 21, 2017

Homework Help: finite math

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.

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