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Goods costing $18.16 at the beginning of the year 1957 cost $174.18 at the beginning of the year 2002. Find the average annual inflation rate

Goods costing $18.16 at the beginning of the year 1957 cost $174.18 at the beginning of the year 2002. Find the average annual inflation rate over this time period.Express your answer the nearest thousandth of a percent.

_______%

Please show work.

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Question

Goods costing $18.16 at the beginning of the year 1957 cost $174.18 at the beginning of the year 2002. Find the average annual inflation rate

Goods costing $18.16 at the beginning of the year 1957 cost $174.18 at the beginning of the year 2002. Find the average annual inflation rate over this time period.Express your answer the nearest thousandth of a percent. _______% Please show work.

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Get Instant Access to Expert-Tailored Solutions

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Recommended Textbook for

Management Science The Art Of Modeling With Spreadsheets

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Goods costing $18.16 at the beginning of the year 1957 cost $174.18 at the beginning of the year 2002. Find the average annual inflation rate over this time period.Express your answer the nearest thousandth of a percent.

_______%

Please show work.