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The home the Bensons purchased 12 years ago for $88,000 is now appraised at $218,000....

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Accounting

The home the Bensons purchased 12 years ago for $88,000 is now appraised at $218,000.
What has been the annual rate of appreciation of the value of their home during the 12-year period? (Do not round the intermediate calculations and round your percentage answer to 2 decimal places.)
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1 The home the Bensons purchased 12 years ago for $88,000 is now appraised at $218,000, What has been the annual rate of appreciation of the value of their home during the 12-year period? (Do not round the intermediate calculations and round your percentage answer to 2 decimal places.) The compound annual rate of appreciation 8 02:58 34

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