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Your grandfather mentioned that he bought his favorite pocket watch for $16 when he purchased it 57 years ago. If the pocket watch now costs
Your grandfather mentioned that he bought his favorite pocket watch for $16 when he purchased it 57 years ago. If the pocket watch now costs $982, what was the yearly inflation over the last 57 years? (please show your answer as a decimal so if your answer is 1.25% please show your answer as 0.0125 - please show 4 decimal places)
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