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Suppose that average rents in La Jolla have risen by a total of 200 percent over the past 30 years.What is the average annual rate

Suppose that average rents in La Jolla have risen by a total of 200 percent over the past 30 years.What is the average annual rate of change for rents (annual compounding) Show work

a. 2.44%

b.2.49%

c. 2.59%

d.3.53%

e.3.73%

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