The home the Bensons purchased 12 years ago for $93,000 is now appraised at $223,000. What has been the annual rate of appreciation of the value of their home during the 12-year period? (Do not round the Intermedlate calculations and round your percentage answer to 2 decimal places.) The compound annual rate of appreciation 1%

The home the Bensons purchased 12 years ago for $93,000 is now appraised at $223,000. What has been the annual rate of appreciation of the value of their home during the 12-year period? (Do not round the Intermedlate calculations and round your percentage answer to 2 decimal places.) The compound annual rate of appreciation 1%

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 15E

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