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Posted on Jul 24, 2024

Chad invested $ 2 0 0 , 0 0 0 to purchase a home. After 1 2 years, she sold the home for $ 2

Chad invested $

200, 000

to purchase a home. After

12

years, she sold the home for $

280, 000 .

Calculate the effective interest rate earned on this investment.

0.00

%

Round to two decimal places

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