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The incredible shrinking $50 bill in 1957 was worth $50, but in 2007 it is worth only $6.58. What was the compounded average annual inflation
The incredible shrinking $50 bill in 1957 was worth $50, but in 2007 it is worth only $6.58. What was the compounded average annual inflation rate during this period of time?
The incredible shrinking $50 bill in 1957 was worth $50, but in 2007 it is worth only $6.58. What was the compounded average annual inflation rate during this period of time? 0 -4.14% 04.14% 5.23% 0 -5.23% 2.62%Step by Step Solution
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