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Dawn Swift Discovered That 20 Years Ago,the Average Fees for One

Question 31

Multiple Choice

Dawn Swift discovered that 20 years ago,the average fees for one year at a top tier university was $4,500.Today,the average cost is $29,000.What is the growth rate in fee costs over this 20-year period? Round off to the nearest 0.1%.


A) 15.5%
B) 4.2%
C) 9.8%
D) 10.6%

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