#1

Assume that in January 2013, the average house price in a particular area was $284,400. In January 2001, the average price was $201,300.

What was the annual increase in selling price? (Do not round intermediate calculations. Enter your answer as a percent rounded answer to 2 decimal places, e.g., 32.16.)

Annual increase in selling price _____%

#2

Your coin collection contains 49 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2059, assuming they appreciate at an annual rate of 5.2 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Future value $ ______