need math help to Find the effective annual rate of return #13

Mathematics
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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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Nov 8th, 2015

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D.

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Nov 8th, 2015

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