In 1966,the Average Tuition for One Year in the MBA

question 97

Multiple Choice

In 1966,the average tuition for one year in the MBA program at the University of Chicago was $3,600.Thirty years later,in 1996,the average tuition was $27,400.What is the compound annual growth rate in tuition (rounded to the nearest whole percentage) over the 30-year period?

• A)6%
• B)7%
• C)8%
• D)10%

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Definitions:

Primary Transmitter

A device or entity responsible for sending the initial signal or message in a communication system or network.

Free Blacks

African Americans who were not enslaved before the abolition of slavery, enjoying certain degrees of freedom and rights which varied widely across different states and periods in US history.

Maryland

A state located in the Mid-Atlantic region of the United States, known for its significant historical landmarks, diverse landscapes, and as the birthplace of the U.S. national anthem.

Mississippi

A state in the southern United States, known for its namesake river, rich cultural heritage, and significant role in American history, particularly during the Civil War and the civil rights movement.