geometric mean rate of increase

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Jun 4, 2008, 12:07 PM

jessica70

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geometric mean rate of increase

what is the correct way to write the answer to this question? find the geometric mean rate of increase. If you earn $25,000 a year today and the inflation rate continues at 3 percent per year, you'll need to make $33,598 in 10 years to have the same buying power.

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