Assume that in January 2020, the average house price in a particular area was $267,500. In January 2000, the average price was $186,000. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual increase in selling price 1.89 %
Assume that in January 2020, the average house price in a particular area was $267,500. In January 2000, the average price was $186,000. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual increase in selling price 1.89 %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![Assume that in January 2020, the average house price in a particular area was
$267,500. In January 2000, the average price was $186,000. What was the annual
'increase in the price of the average house sold? (Do not round intermediate
calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,
32.16.)
Annual increase in selling price
1.89 %](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff14be19c-196e-450d-9159-37f0b1fb6a89%2F7fa8d8b1-1f47-4349-8bd6-9e81a53ea401%2Fhgscps_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume that in January 2020, the average house price in a particular area was
$267,500. In January 2000, the average price was $186,000. What was the annual
'increase in the price of the average house sold? (Do not round intermediate
calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,
32.16.)
Annual increase in selling price
1.89 %
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