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Anders discovered an old pay statement from 11 years ago. His monthl.pdf

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Anders discovered an old pay statement from 11 years ago. His monthly salary at the time was $2,550 versus his current salary of $4,475 per month. At what (equivalent) compound annual rate has his salary grown during the period? (Do not round intermediate calculations and round your final percentage answer to 2 decimal places.) His salary grew at a rate of % compounded annually..

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Anders discovered an old pay statement from 11 years ago. His monthly salary at the time was $2,550 versus his current salary of $4,475 per month. At what (equivalent) compound annual rate has his salary grown during the period? (Do not round intermediate calculations and round your final percentage answer to 2 decimal places.) His salary grew at a rate of % compounded annually.

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