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Calculate the annual compound growth rate

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Reference no: EM132931196

Question - Calculate the annual compound growth rate of the house price since the house was sold to Mark and Ann Kington for 2.5 million (since 2000) until the house was sold in July 2020 for 4.7 million (The growth rate should be calculated to two decimals in percentage form. Round the number of years to the whole number). Please show your work.

Reference no: EM132931196

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