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You purchased a home in Crested Butte, Co in 2016 for a value of $1,000,000....

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Accounting

You purchased a home in Crested Butte, Co in 2016 for a value of $1,000,000. Over the 8 years, the home appreciated in value an average of 13% per year. What is the value of the house today (assuming it is exactly 8 years after the day you purchased the home)? Assuming the rate of appreciation continues indefinitely, how many years will it take the house to appreciate to a total value of $4m?
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