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    Exam 9: Compound Interest: Further Topics and Applications
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    The Canadian Consumer Price Index (Based on a Value of 100
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The Canadian Consumer Price Index (Based on a Value of 100

Question 64

Question 64

Short Answer

The Canadian Consumer Price Index (based on a value of 100 in 1971) rose from 97.2 in 1970 to 210.6 in 1980. What was the (equivalent) annual rate of inflation in the decade of the 1970s?

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8.04% comp...

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