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What is the annual growth rate in the value of the dollar if we expect this value to rise?

User Mapm
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Final answer:

The annual growth rate in the value of the dollar can be calculated as the change in value divided by the initial value.

Step-by-step explanation:

The annual growth rate in the value of the dollar can be calculated using the formula:

Growth rate = (Future Value - Present Value) / Present Value

For example, if the present value of the dollar is $1 trillion and the future value is $1.03 trillion, the growth rate would be:

((1.03 trillion - 1 trillion) / 1 trillion) = 0.03 = 3%

Therefore, the annual growth rate in the value of the dollar would be 3%.

User OblongMedulla
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