Question
20 years ago, the average home sale price in your hometown was $75,351. Today the average price of a house is $244,329. What was the
20 years ago, the average home sale price in your hometown was $75,351. Today the average price of a house is $244,329. What was the average annual rate of change in the price of houses over this time period? (You should calculate the compound growth rate in this problem).
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
