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An economist has predicted that during the next 12 years, prices in the U.S. will increase 55%. He expects a further increase of 25% in
An economist has predicted that during the next 12 years, prices in the U.S. will increase 55%. He expects a further increase of 25% in the subsequent 8 years. Compute the annual inflation rate,LaTeX: f f as a percentage for the entire 20-year period.
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