Assume that in january 2013 the average house price in a, Ask an Expert

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Assume that in January 2013, the average house price in a particular area was $273,400. In January 2002, the average price was $190,300.

What was the annual increase in selling price? (Do not round intermediate calculations. Enter your answer as a percent rounded answer to 2 decimal places, e.g., 32.16.)

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