15 6.25 points Print In December 2020, a pound of lemons cost $1.55, while a pound of bananas cost $1.19. Two years earl

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15 6 25 Points Print In December 2020 A Pound Of Lemons Cost 1 55 While A Pound Of Bananas Cost 1 19 Two Years Earl 1 (44.3 KiB) Viewed 19 times

15 6.25 points Print In December 2020, a pound of lemons cost $1.55, while a pound of bananas cost $1.19. Two years earlier, the price of lemons was $1.34 a pound and that of bananas was $1.05. a. What was the annual compound rate of growth in the price of lemons? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places. Negative answers should be indicated with a minus sign. b. What was the annual compound rate of growth in the price of bananas? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places. c. If the same rates of growth persist in the future, what will be the price of lemons in 2030? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. d. What about the price of bananas? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a. Compound annual growth rate of lemons % b. Compound annual growth rate of bananas % c. Price of lemons d. Price of bananas Show transcribed im Expert An. Anonyma 3.395 ane a)PV of -$14.78 b)PV of $14.99