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1Q Question 9 20 years ago, the average home sale price in your hometown was $75,351. Today the average price of a house is $244,329.

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Question 9

20 years ago, the average home sale price in your hometown was $75,351. Today the average price of a house is $244,329. What was the average annual rate of change in the price of houses over this time period?(You should calculate thecompoundgrowth rate in this problem).

Round the answer to two decimal places in percentage form.

Please explain using Excel formula

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