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The owner of a 1953 Hudson Hornet convertible sold the car at an auction. The owner bought it in 1984 when its value was $11,000.

The owner of a 1953 Hudson Hornet convertible sold the car at an auction. The owner bought it in 1984 when its value was $11,000. The value of the car increased at a rate of 6.9% per year. a

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