Question: Problem 3 House prices have increased in the Triangle drastically in the last 1 0 years. Median home selling price was in the $ 2

Problem 3
House prices have increased in the Triangle drastically in the last 10 years. Median home selling price was in the $250k range in 2014 and is now closer to $440k in 2024.
a)(6pts) Find the annual interest rate associated with this increase.
b)(6pts) Assuming you will buy your first home in 8 years from 2024 at the median value, what would the price be if this trend continues?
Problem 3 House prices have increased in the

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