Question
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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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
