In January of 2016, the average price of an asset was $28,558. 7 years earlier, the...

In January of 2016, the average price of an asset was $28,558. 7 years earlier, the average price was $20,808. What was the annual increase in the selling price?

Multiple Choice

-4.42%
4.63%
4.16%
5.55%
5.09%

Expert Solution

jeff jeffy answered 2 years ago

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