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m35 A price index was approximately 97.2 (base year 1992) at the beginning of 1991. If inflation continued at an average annual rate of 3.5%,
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A price index was approximately 97.2 (base year 1992) at the beginning of 1991. If inflation continued at an average annual rate of 3.5%, what would the index be at the beginning of 2019? The index would be (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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