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What was the increase in the 5th year

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Reference no: EM132367424

Over a period of 5 years, a company has increased its publicity budget by an average (annualized) rate of 5.6%. The rates of increase for the first four years were 6.5%, 6.1%, 5.2% and 4.4%. What was the increase in the 5th year?

Select one:

a. 6.1

b. 5.6

c. 4.9

d. 6.4

Reference no: EM132367424

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