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6.In 2018, the listed price of the house was $8.5 million. In 2019 the price was reduced to $6.5 million. Calculate the compound rate of

6.In 2018, the listed price of the house was $8.5 million. In 2019 the price was reduced to $6.5 million. Calculate the compound rate of this reduction in price. (Round the number of years to the whole number).Please explain your answer.

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