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14. In 1958, the average tuition for one year at an Ivy League school was $1,800. 43 years later, in 2001, the average cost is
14. In 1958, the average tuition for one year at an Ivy League school was $1,800. 43 years later, in 2001, the average cost is $27,000. What is the growth rate in tuition over the 43-year period? a. 12% b. 9% c. 6.5% d. 7% e. 8%
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