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In January of 2016, the average price of an asset was $28,558. 7 years earlier, the average price was $20,808. What was the annual increase

In January of 2016, the average price of an asset was $28,558. 7 years earlier, the average price was $20,808. What was the annual increase in the selling price?

Multiple Choice

  • -4.42%

  • 4.63%

  • 4.16%

  • 5.55%

  • 5.09%

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