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?

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Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Question Posted: Feb 26, 2010 04:28 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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