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Rob purchased a rare car for $246,800 ten years ago. Today, that car has a market value of $815,000. What is the rate of appreciation

Rob purchased a rare car for $246,800 ten years ago. Today, that car has a market value of $815,000. What is the rate of appreciation on this car?

a. 11.47 percent

b. 12.69 percent

c. 14.19 percent

d. 8.91 percent

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