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5. The price of a vacation home is currently $322,193. If the price of vacation homes is increasing at a rate of 3.73% per year,
5.
The price of a vacation home is currently $322,193. If the price of vacation homes is increasing at a rate of 3.73% per year, how much would a vacation home cost in 6 years?
6.
When Kevin started working 25 years ago, his salary was $59,882. His current salary is
$178,109. When Kevin started working, the price level was 125, while the current price level is
153. What was Kevins average per year percentage raise in real terms over the 25 years?
State your answer to two decimal places (e.g., 3;28).
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