Buying your own home is often mentioned as "the best investment you can make." In 1930,the average home sale price was $3,845.By 1990,the average home sale price had risen to $123,000.What was the average annual rate of change in the price of houses over this time period?
A) 3.42% per year
B) 5.95% per year
C) 10.12% per year
D) 12.36% per year
Correct Answer:
Verified
Q88: If you can earn 5.25% per year
Q95: Gasoline cost $.10 per gallon in 1930.Over
Q97: You plan to place a $40,000 down
Q98: You won the state lottery and took
Q99: The survey results from the National Association
Q103: A manufacturer of LCD televisions has seen
Q104: Your production manager informs you that currently
Q105: Kelvin has $2,500 but needs $5,000 to
Q109: If college tuition and fees increase at
Q118: The Rule of 72 can be used
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents