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Goods costing $10.95 at the beginning of the year 1954 cost $175.32 at the beginning of the year 2003. Find the average annual inflation rate

Goods costing $10.95 at the beginning of the year 1954 cost $175.32 at the beginning of the year 2003. Find the average annual inflation rate over this time period.Express your answer the nearest thousandth of a percent.

NOTE: EX 9.5 Answer:%

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