According to the Census Bureau, in October 2016, the average house price in the United States was $28,258. 6 years earlier, the average price was $20,608. What was the annual increase in the price of the average house sold?

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
ChapterP2: Part 2: Exchange Rate Behavior
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According to the Census Bureau, in October 2016, the average house price in the United States was $28,258. 6 years earlier, the average price was $20,608. What was the annual increase in the price of the average house sold?

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