In 2019, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $20,320 What was the rate of increase for these automobiles between the two time periods? (Enter your answer as a percentage, rounded to the nearest whole number) Rate of increase % Ben Collins plans to buy a house for $174,000. If the real estate in his area is expected to increase in value 1 percent each year, what will its approximate value be five years from now? Use Exhibit 1.A. (Round your FV factor to 3 decimal places and final answer to the nearest whole doltar.) Future value of the house