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A house is valued at $56,000 at the time of purchase. If after five years, an appraisal finds that the house is worth $64,400, what was the average annual rate of appreciation?

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Real estate math commonly covers commissions, property taxes, area/acreage, and loan calculations, frequently using a T-chart method (Part/Total Rate).


1. A house is valued at $56,000 at the time of purchase. If after five years, an appraisal finds that the house is worth $64,400, what was the average annual rate of appreciation?





 
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