Short Answer
a) The population of Canada grew from 24,343,000 in 1981 to 33,505,000 in 2008. What was the overall compound annual rate of growth in our population during the period?
b) According to the Canadian Real Estate Association, the average selling price of Canadian homes rose from $67,000 in 1980 to $315,000 in 2008. What has been the overall compound annual appreciation of home prices?
Correct Answer:
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a) 1.19% compounded ...View Answer
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