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7. Suppose you pay $10o, 000 for a property today. he property appreciates 8% in the first year, and 12% in the second year .

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7. Suppose you pay $10o, 000 for a property today. he property appreciates 8% in the first year, and 12% in the second year . The third year yield was 7%. What was the by the property in year 3? (a) $7,000 (b) $8,000 (c) $8,467 (d) $29, 427 (e) Cannot be computed from the information given

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