Real estate often increases in value over time. A parcel of land is purchased for $35 000.

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Real estate often increases in value over time. A parcel of land is purchased for $35 000. After 9 years, the land is sold for $51 000. What is the average annual rate of change in the value of the real estate, as a percentage? (4 marks)

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Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Feb 24, 2024 09:51 AM

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Real estate often increases in value over time. A parcel of land is purchased for $35 000.

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Advanced Accounting

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