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Problem:
In January 2007, the average price of an asset was $26,958. 6 years earlier, the average price was $20,708. What was the annual increase in selling price? Please provide step by step solution.
A. -4.30%
B. 5.39%
C. 4.04%
D. 4.94%
E. 4.49%
Basic Finance, Finance
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