If another Austin Powers movie had been released in

2014

,

and Dr. Evil, now armed with a financial calculator, wanted to hold the Earth ransom for

$9 comma 905 comma 971.09

,

what inflation rate would Dr. Evil use to make his ransom equivalent to

$1.0

million in 1967?

(Hint:

Inflation is compounded on an annual basis.)Click the table icon to view the FVIF table

LOADING...

.

The inflation rate,

I/Y,

expected is

nothing

%.

(Round to the nearest integer.)