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(1 point) Joy Holmes purchased a house in January, 2004 for $304000. In January, 2007 she sold the house and made a net profit of

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(1 point) Joy Holmes purchased a house in January, 2004 for $304000. In January, 2007 she sold the house and made a net profit of $73000. Find the effective annual rate of return on her investment over the 3 year period

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