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QUESTION

Assume that in 2015, the first edition of a comic book was sold at auction for $1,190,000. The comic book was originally sold in 1940 for $.

Assume that in 2015, the first edition of a comic book was sold at auction for $1,190,000. The comic book was originally sold in 1940 for $.08.

For this to have been true, what was the annual increase in the value of the comic book?

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