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Me and Mrs. Babyboomer purchased their house 25 years ago for $164,400. Today, the house is valued at $594.500. Calculate the compound annual rate of

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Me and Mrs. Babyboomer purchased their house 25 years ago for $164,400. Today, the house is valued at $594.500. Calculate the compound annual rate of growth (1) in the value of their home during the 25-year period. Round your answer to 2 decimal places. Your

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