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30 Average annual rate of return (LO 1] Matthew bought an apartment for $364000. After 4 years he estimates that its value has changed as

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30 Average annual rate of return (LO 1] Matthew bought an apartment for $364000. After 4 years he estimates that its value has changed as follows: In Year 1: an increase of 7 per cent In Year 2: an increase of 27 per cent In Year 3: a decrease of 5 per cent In Year 4: an increase of 11 per cent. How much is it worth now? What is the average annual rate of returna

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