The Giving USA Foundation reports that individual Americans gave 11.19 billion dollars charity in 1964 and 92.52 billion dollars in 1994.
a. Assuming natural growth, find the annual percentage rate of growth in. individual American’s charitable giving over this time period.
b. Assuming this trend continued, predict the amount of money given to charity by individual Americans in 2004.
c. Compare your prediction in part (b) with the actual value, $187.92 billion.
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