How much has price of product changed on average year

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1. A couple has decided to purchase a home. The negotiated price is $175,000 the couple can pay the standard 20% down payment, the rest will be financed at the annual interest rate of 4.5% for a 30 year loan. Calculate the down payment.

2. Use the table below to answer the question. Year 2005 2006 2007 2008 2009 Nominal Price $85 $87 $90 $86 $91 Price Level 112 115 117 121 128 How much has the price of this product changed on average per year in percentage Real terms over the period 2005 to 2009?

Reference no: EM131960645

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