Calculating Rates of Return

In October 2012, the average house price in the United States was $219,900. In October 2005, the average price was $288,600. Required: What was the annual change in the average selling price? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Negative amount should be indicated by a minus sign. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Rate of return ______________

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