in 1996 an ounce of gold sold for $369 and for $1060 in 2015, what was...

in 1996 an ounce of gold sold for $369 and for $1060 in 2015, what was the change in the price of gold over this period?

Expert Solution

Change over the 19 year period = 1060/369-1 =	187.26%
Annual rate of change = (1060/369)^(1/19)-1 =	5.71%

jeff jeffy answered 3 years ago

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