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Calculate the average monthly inflation rate fm for this

The average of a certain car was $18,000 ten years ago. This year the average cost is $30,000.

(a) Calculate the average monthly inflation rate (f_m) for this model.

(b) Given the monthly rate, f_m,what is the effective annual rate, f, of inflation for this model?

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Business Management: Calculate the average monthly inflation rate fm for this

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