Multiple Choice
Thirty years ago, an average house cost $120,000 in Vancouver. Now the average house price is $950,000. Determine the annual rate of growth in Vancouver's housing prices.
A) 8.31%
B) 7.14%
C) 6.25%
D) 5.58%
E) 4.63%
Correct Answer:
Verified
Correct Answer:
Verified
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