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If another austin powers movie had been released in 2007

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If another Austin Powers movie had been released in 2007, and Dr. Evil, now armed with a financial calculator, wants to hold the Earth ransom for $7,039,988.71, what inflation rate would Dr. Evil use to make his ransom equivalent to $1 Million in 1967 (Hint: Inflation is compounded on an annual basis). Round to the nearest 1%.

Reference no: EM13616701

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