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the following table shows a utility companys cost to supply a fixed amount of power to a new housing development; the indices are specific to

the following table shows a utility companys cost to supply a fixed amount of power to a new housing development; the indices are specific to the utility industry. Assume that year 0 is the base period. Dteremine the specific inflation for each period and calculate the average inflation rate over the three-year period. table= year cost 0 $504,000 1 $538,400 2 $577,000 3 $629,500

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