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Twenty-five years ago, the average price of gasoline was $1.16 per gallon. Today the average...

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Accounting

Twenty-five years ago, the average price of gasoline was $1.16 per gallon. Today the average cost is $2.41 per gallon. What was the growth rate over the 25-year period?(8 points)

You must type in both theanswerand your calculator inputs using the TVM functionsto receive credit.

Be sure to use 4 decimal places (25.25% or 0.2525).

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