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engineering economics Five years ago, you paid P 340,000 for a lot. Today you sold it at P 500,000. What is the annual rate of appreciation?

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 4P

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engineering economics

Five years ago, you paid P 340,000 for a lot. Today you sold it at P 500,000. What is the annual rate of appreciation?

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