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What is the annual average rate of return

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Mathew bought a house for $182,000. In the next 4 years he estimates that its value would change as follows:

1st year: an increase of 7 percent

2nd year: an increase of 27 percent

3rd year: a decrease of 5 percent

4th year: an increase of 11 percent

How much is the house worth at the end of year 4? What is the annual average rate of return?

Reference no: EM132964666

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