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# 6) Bob's house has doubled in value since he bought it 30 years ago. The house's value has increased by an annual rate of A) 2. B) 3. C) 6. D) 100%.

6) Bob's house has doubled in value since he bought it 30 years ago. The house's value has increased by an annual rate of

A) 2.34%.

B) 3.33%.

C) 6.67%.

D) 100%.

#### Top Answer

Answer: Option A: 2.34% calculations: Let the PV be... View the full answer

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