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1. The value of a house is estimated to be $89,000 today. If it has increased in value by 8 percent per year for the

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1. The value of a house is estimated to be $89,000 today. If it has increased in value by 8 percent per year for the last 10 years, what was the value 10 years ago? If the house had increased in value by 55 percent over the total 10-year period, what was the annual percentage increase? (4 points)

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