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A company purchased a semi-automatic assembly-line machine for $100,000 five years ago. If the same machine costs $150,000 today, when the market interest rate is
A company purchased a semi-automatic assembly-line machine for $100,000 five years ago. If the same machine costs $150,000 today, when the market interest rate is 12% per year, the inflation rate over that time period was closest to (assume the cost of the machine increased by only the inflation rate): a. 4.6% b. 6.3% c. 7.1% d. 8.4% Please show work
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