What rate is needed based on the other time value, Financial Management

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What rate is needed based on the other time value

If I purchased a house 6 years ago for $200,000 and today it is worth $248,000, what was the growth rate in the value of the home? That is, what "rate" is needed based on the other time value inputs? Please show work. a. 3.25% b. 3.65% c. 3.335% d. 3.5% ?

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Financial Management: What rate is needed based on the other time value

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