BryceB4161 BryceB4161

01-02-2024
Business

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A house sold for $650,485 five months ago. A very comparable house sold yesterday for $670,000. The implied (non-compounded) monthly rate of increase in property prices is ______ percent.
a) 0.30%
b) 1.00%
c) 2.00%
d) 3.00%

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