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1.For much of the 20th century, new car prices rose at an average annual rate of 5.89%. Given a beginning new car price of $900,

1.For much of the 20th century, new car prices rose at an average annual rate of 5.89%. Given a beginning new car price of $900, how long did it take for the average new car price to rise to $27,865? Please round to the nearest year.

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