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According to the Census Bureau, in October 2016, the average house price in the United States was $27,958. 7 years earlier, the average price was

According to the Census Bureau, in October 2016, the average house price in the United States was $27,958. 7 years earlier, the average price was $20,708. What was the annual increase in the price of the average house sold?

A. 4.82%

B. 4.32%

C. -4.20%

D. 3.94%

E. 5.26%

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