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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 $21,008. What was the annual increase in the price of the average house sold?

Multiple Choice

  • 3.75%

  • 5.00%

  • -4.00%

  • 4.17%

  • 4.58%

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