The home the Benson perceives 14 years ago for $90,000 is now appraised at 220000 what has been the annual rate of appreciation of the value of their home during the 14 year period do not round the intermediate calculation and round your percentage also to two decimal places the compound annual rate of a pre-creation in percentage

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The home the Benson perceives 14 years ago for $90,000 is now appraised at 220000 what has been the annual rate of
appreciation of the value of their home during the 14 year period do not round the intermediate calculation and round
your percentage also to two decimal places the compound annual rate of a pre-creation in percentage
Transcribed Image Text:The home the Benson perceives 14 years ago for $90,000 is now appraised at 220000 what has been the annual rate of appreciation of the value of their home during the 14 year period do not round the intermediate calculation and round your percentage also to two decimal places the compound annual rate of a pre-creation in percentage
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