You are attempting to arrive at what the monthly rate of change that has recently occurred in...

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Youare attempting to arrive at what the monthly rate of change thathas recently occurred in the real estate market. In doing someresearch, you find two properties that have sold twice with thelast two years. Property A sold proerties months ago for $98,500;it sold last week for $108,000. Property B sold 20 months ago for$105,000; it sold two weeks ago for $113,500.

A comparable property sold 12 months ago for $102,000. Use theinformation above to calculate the adjusted price of thiscomparable.

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Property A From 98500 to 108000 in 22 months Thus let the rate of monthly change be r 108000 98500 1r100 22 r 108000 98500 122 1 100 04194 Thus the monthly rate of See Answer

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Youare attempting to arrive at what the monthly rate of change thathas recently occurred in the real estate market. In doing someresearch, you find two properties that have sold twice with thelast two years. Property A sold proerties months ago for $98,500;it sold last week for $108,000. Property B sold 20 months ago for$105,000; it sold two weeks ago for $113,500.A comparable property sold 12 months ago for $102,000. Use theinformation above to calculate the adjusted price of thiscomparable.