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A house in Vancouver is currently valued at $1.5 million. If the average annual growth in Vancouver house prices over the last 10 years was

A house in Vancouver is currently valued at $1.5 million. If the average annual growth in Vancouver house prices over the last 10 years was 15%, what was the value of the house 10 years ago?

Select one:

a. $606,833.66

b. $370,777.06

c. $225,000.00

d. $211,205.40

e. $130,434.78

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