Question: Given the inflation model C(t) = Co(1 + r)' and given that a can of soup that currently sells for $0.88 sold for $0.50 6

Given the inflation model C(t) = Co(1 + r)' and given

Given the inflation model C(t) = Co(1 + r)' and given that a can of soup that currently sells for $0.88 sold for $0.50 6 years ago, what has the average annual rate of inflation been for the past 6 years? Round to two decimal places. AnswerHow to enter your answer (opens in new window) 2 Points Keypad Keyboard Shortcuts %

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