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14 27 14. Monique and Jacques got married in 1948. A year later, they bought a home in Wyomissing, Pennsylvania, for $6,500. They lived in
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14. Monique and Jacques got married in 1948. A year later, they bought a home in Wyomissing, Pennsylvania, for $6,500. They lived in the home until 2008: the home was worth $186,000. At what average annual rate did the home increase in value? 27. You buy 35 mutual fund shares at a price of $22.53 per share. You elect to reinvest distributions and, as a result, own 42.381 shares in 6 years. You sell the shares at a price of $31.23. less brokerage fees of $45. Calculate your annual rate of returnStep by Step Solution
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