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A residential property recently sold for $ 4 5 0 , 0 0 0 and land value was estimated to be $ 8 2 ,

A residential property recently sold for $450,000 and land value was estimated to be $82,000. The cost new of the dwelling today would be $527,000. The dwelling is 15 years old. What is the annual percentage of depreciation?1.7%2%2.4%2.9%

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