Question
What was the average annual rate of change in the price of houses over this time period? 38 years ago, the average home sale price
What was the average annual rate of change in the price of houses over this time period? 38 years ago, the average home sale price in your hometown was $74,675. Today the average price of a house is $225,651.(You should calculate the compound growth rate in this problem).
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
