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Posted on Jul 28, 2024

Lisa invested $ 2 0 5 , 0 0 0 to purchase a home. After 1 4 years, she sold the home for $ 2

Lisa invested $

205, 000

to purchase a home. After

14

years, she sold the home for $

265, 000 .

Calculate the effective interest rate earned on this investment.

%

Round to two decimal places

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