![zackarygonzalez1028](/avatars/3042.jpg)
zackarygonzalez1028
04.09.2020 •
Business
According to the Census Bureau, in October 2016, the average house price in the United States was $354,900. In October 2000, the average price was $215,100. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations)
Solved
Show answers
More tips
- F Food and Cooking How to Choose the Right Olive Oil: A Comprehensive Guide...
- P Philosophy Is Everything We Strive for Eventually Achieved and Destroyed?...
- S Society and Politics Understanding Politics and Its Role in the Development of Civilization...
- P Philosophy Why Did God Create Man and Place Him in Obscurity?...
- S Society and Politics Skoptsy: Who They Are and How They Perform Castration?...
- O Other Childhood Fears: What Many of Us Experienced...
- P Philosophy What is Something for you?...
- H Health and Medicine Why Do Humans Have One Heart?...
- P Philosophy Unbelievable stories of encounters with otherworldly forces...
- O Other How to Accidentally Get a Rare Coin with Your Change and How to Know Its Value?...
Answers on questions: Business
- M Mathematics What is the interquartile range of the data set?Enter the answer in the box.Key: 1|5 means 15A stem-and-leaf plot with a stem value of 2 with a leaf value of 8, a stem value of...
- E Engineering Technician A states that about 33% of the heat energy created is wasted by being dumped straight out of the exhaust to the atmosphere. Technician B states that 33% is wasted by...
- C Chemistry Click the draw structure button to launch drawing utility. draw the other product formed when the alkyne is treated with o3 followed by ch3sch3. 12108a...
- E English in which part of the government , according to the consitiution , is the number of representitives based on population...
Ответ:
3.18%
Explanation:
Calculation for the annual increase in the price of the average house sold
We are suppose to use this formula FV = PV (1+r)^t but since we are looking for R the formula to use will be:
R = (FV / PV)^1/16– 1
Let note that 2016-2000 will give us 16 years
Where,
FV=$354,900
PV=$215,100
Let plug in the formula
R= ( $354,900/$215,100 )^1/8)16– 1
R=(1.6499)^1/16-1
R=1.0318-1
R=0.0318×100
R=3.18%
Therefore the annual increase in the price of the average house sold will be 3.18%
Ответ:
10 hahaha me 2 I'm bored