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The answer is 10.44%, please explain how to get there A home is purchased for $500,000 with an 80 percent LTV. After ten years, the

The answer is 10.44%, please explain how to get there image text in transcribed

A home is purchased for $500,000 with an 80 percent LTV. After ten years, the owner's equity is $270,000. What would be the approximate annual expected appreciation rate on home equity, compounded annually

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