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Average monthly compound rate of change

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You find two properties that have sold twice within the last two years. Property A sold 22 months ago for $98,500; it sold last week for $108,000. Property B sold 20 months ago for $105,000; it sold two weeks ago for $113,500. What is the average monthly compound rate of change in sale prices?

Reference no: EM131069067

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Average monthly compound rate of change : Property A sold 22 months ago for $98,500; it sold last week for $108,000. Property B sold 20 months ago for $105,000; it sold two weeks ago for $113,500. What is the average monthly compound rate of change in sale prices?
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