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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 7
You find two properties that have sold twice within the last two years. Property A sold 22 months ago for $98,500; it sold last week for $108,000. Property B sold 20 months ago for $105,000; it sold yesterday for $113,500. What is the average monthly compound rate of change in sale prices
A) 0.42%.
B) 4.20%.
C) 0.84%.
D) 8.87%.
A) 0.42%.
B) 4.20%.
C) 0.84%.
D) 8.87%.
Explanation
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Property A:
The sale value of the pr...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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