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A property is purchased for $679,261 with a 77 percent LTV. After 4 years, the owner's equity (initial equity investment plus growth in property value)
A property is purchased for $679,261 with a 77 percent LTV. After 4 years, the owner's equity (initial equity investment plus growth in property value) is $326,617. What would be the approximate annual expected compounded appreciation rate on home equity?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
