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If the average new Honda Pilot SUV selling price last year was $41,996 and 9 years earlier, it was $29,000. What was the annual increase

If the average new Honda Pilot SUV selling price last year was $41,996 and 9 years earlier, it was $29,000. What was the annual increase in the selling price over this time period?

Select one:

a. 4.20%

b. 3.89%

c. 5.40%

d. 4.56%

e. 5.01%

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