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  • 15-01-2024
  • Business
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A house cost $87,000 in 2008. By the year 2015, the home's value was $110,000. What was the growth rate for that 7-year period? (Remember, i= (p2/p1)¹/ⁿ-1).
a. 3.40%
b. -3.40%
c. -3.30%
d. 3.30%

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