Calculating interest rates using formula; growth rates
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Calculating Interest Rates: In January 2007, the average house price in the United States was $314,600. In January 2000, the average price was $200,300. What was the annual % increase in selling price?
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Solution Summary
The solution calculates interest rates using formula and growth rates.
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This can be calculate by Compound Interest Formula
A = P* (1+ ...
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