Question: Chapter 5 Problem Set i Saved 8 Problem 5-8 Calculating Interest Rates (LO3] 10 points Assume that in January 2017, the average house price in

Chapter 5 Problem Set i Saved 8 Problem 5-8 Calculating Interest

Chapter 5 Problem Set i Saved 8 Problem 5-8 Calculating Interest Rates (LO3] 10 points Assume that in January 2017, the average house price in a particular area was $313,200. In January 2001, the average price was $197,300. What was the annual increase in selling price? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) eBook Hint Annual increase in selling price Print References

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