Mr Maxine found an old pay statement from nine years ago. Her hiring wage at the time

Question:

Mr Maxine found an old pay statement from nine years ago. Her hiring wage at the time was $13.50 versus her current wage of $20.80 per hour. At what equivalent (compound) annual rate has her wage grown over the period?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: