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7)House in Montreal in 1990 sold for $420,000 and the same house in 2020 sold for $1,900,000. a. What is the average annual increase in

7)House in Montreal in 1990 sold for $420,000 and the same house in 2020 sold for $1,900,000.

a. What is the average annual increase in the house price?

Is it possible that this same house has an average annual price increase from 2005 to 2010 of 15% per year?

Calculate effective annual rate interest rate

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