A newspaper reports that in the last 5 years, prices have increased a total of 50%. This

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A newspaper reports that in the last 5 years, prices have increased a total of 50%. This is equivalent to what annual inflation rate, compounded annually? (Answer: 8.45%)

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 07:16 AM

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A newspaper reports that in the last 5 years, prices have increased a total of 50%. This

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Engineering Economic Analysis

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