Question
Lou Gehrig was major league baseball's MVP in 1927. His annual salary that year was $8,000. The MVP for 2013 was Miguel Cabrera, earning
Lou Gehrig was major league baseball's MVP in 1927. His annual salary that year was $8,000. The MVP for 2013 was Miguel Cabrera, earning $21,000,000 per year. What is the annual rate of salary appreciation over those years? Enter your answer as a full percentage number. For example, if your answer is 12.33% you must enter 12.33 only. Do not enter the "%" sign.
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International Economics
Authors: Robert Carbaugh
18th Edition
0357518918, 978-0357518915
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