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Problem 5-8 Calculating Interest Rates [LO3] Assume that in January 2017, the average house price in a particular area was $291,600. In January 2000, the

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Problem 5-8 Calculating Interest Rates [LO3] Assume that in January 2017, the average house price in a particular area was $291,600. In January 2000, the average price was $192,300. What was the annual increase in selling price? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Book Annual increase in selling price 96) % Hint

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