If the consumer price index increases from 110 to 113 in a


If the consumer price index increases from 110 to 113 in a month, how much higher is the effective annual rate of inflation than the annualized rate of inflation? A. +9.0% B. +9.2% C. +9.4% D. +9.6% E. +9.9%

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Financial Management: If the consumer price index increases from 110 to 113 in a
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