The home the Bensons purchased 12 years ago for $88,000 is now appraised at $218,000....
90.2K
Verified Solution
Link Copied!
Question
Accounting
The home the Bensons purchased 12 years ago for $88,000 is now appraised at $218,000.
What has been the annual rate of appreciation of the value of their home during the 12-year period? (Do not round the intermediate calculations and round your percentage answer to 2 decimal places.)
1 The home the Bensons purchased 12 years ago for $88,000 is now appraised at $218,000, What has been the annual rate of appreciation of the value of their home during the 12-year period? (Do not round the intermediate calculations and round your percentage answer to 2 decimal places.) The compound annual rate of appreciation 8 02:58 34
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!