Find the average annual growth rate of the hourly wage

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Reference no: EM131102608

At the end of 2006 the average hourly wage of U.S. workers on private non-farm payroll was $20.58. At the end of 2015 this wage amounted to $25.26. Find the average annual growth rate of the hourly wage (i.e., assuming the growth was the same every year of the 9-year period).

Reference no: EM131102608

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