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The home the Bensons purchased 1 3 years ago for $ 8 5 , 0 0 0 is now appraised at $ 2 1 5
The home the Bensons purchased years ago for $ is now
appraised at $
What has been the annual rate of appreciation of the value of their
home during the year period?Do not round the
intermediate calculations and round your percentage answer to
decimal places.
The compound annual rate of appreciation
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