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If an asset declines in value from $5,000 to $3,600 over nine years, what is the mean annual growth rate in the asset's value over these nine years? Enter your answer as a percentage. If needed, round your answer to two decimal digits. -3.58 EBOOK %

If an asset declines in value from $5,000 to $3,600 over nine years, what is the mean annual growth rate in the asset's value over these nine years? Enter your answer as a percentage. If needed, round your answer to two decimal digits. -3.58 EBOOK %

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If an asset declines in value from $5,000 to $3,600 over nine years, what is the mean annual growth rate in the asset's value over these nine years? Enter your answer as a percentage. If needed, round your answer to two decimal digits. -3.58 % EBOOK odback
Transcribed Image Text:If an asset declines in value from $5,000 to $3,600 over nine years, what is the mean annual growth rate in the asset's value over these nine years? Enter your answer as a percentage. If needed, round your answer to two decimal digits. -3.58 % EBOOK odback
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