For prices that are increasing at an annual rate of 5% the first year and 8% the

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For prices that are increasing at an annual rate of 5% the first year and 8% the second year, determine the average inflation rate () over the two years.

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: Apr 21, 2016 06:57 AM

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For prices that are increasing at an annual rate of 5% the first year and 8% the

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Contemporary Engineering Economics

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