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In 2016, the automobile industry announced the average vehicle selling price was $28,869. Four years earlier, the average price was $23,412. What was the annual

In 2016, the automobile industry announced the average vehicle selling price was $28,869. Four years earlier, the average price was $23,412.

What was the annual percentage increase in vehicle selling price? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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