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Assume that 29 years ago, the average tuition for one year in the MBA program at a university was $3.7 thousand and now it is

Assume that 29 years ago, the average tuition for one year in the MBA program at a university was $3.7 thousand and now it is $31.4 thousand for one year. What is the compound annual growth rate in tuition over this period? Round to the nearest 0.01% (e.g., if your answer is 6.832%, record it as 6.83).

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