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You bought a house 17 years ago for $300,000 and it is now worth $450,000 according to a recent market report for your neighborhood. What

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You bought a house 17 years ago for $300,000 and it is now worth $450,000 according to a recent market report for your neighborhood. What is the average annual rate of appreciation your home has experienced each year for the last 17 years (assume the rate has remained constant)? 2.41 % 3.75 % 4.33 % 6.06% 4.05 %

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