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What has been annual rate of appreciation of value of home

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Problem 1: The home the Bensons purchased 13 years ago for $101,000 is now appraised at $231,000. What has been the annual rate of appreciation of the value of their home during the 13-year period? (Do not round the intermediate calculations and round your percentage answer to 2 decimal places.)

Reference no: EM132915134

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