What annualized rate of growth in salary does this represent
Problem
Assume that as his salary for the first episode of Jag in 1995, David James Elliot, Made $10,000 per episode. Now in 2004 - 9 years later Mr. Elliot is paid $300,000 per episode. What annualized rate of growth in salary does this represent?
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Now in 2004 - 9 years later Mr. Elliot is paid $300,000 per episode. What annualized rate of growth in salary does this represent?
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