Find the effective annual rate of return on her investment

Reference no: EM13187641

Zoe purchased a house in 1999 for $192,000. In 2006 she sold the house and made a net profit of $50,000. Find the effective annual rate of return on her investment over the 7-yr period. (Round your answer to the nearest hundredth of a percentage point.)

Reference no: EM13187641

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