If inflation causes the cost of automobiles to increase by 3.5% each year, what should a car cost today if it cost $21,000 4 years ago? Round your answer to the nearest cent.
A)$25,525.63
B)$24,923.28
C)$24,462.21
D)$24,097.98
E)$23,803.02

Question

If inflation causes the cost of automobiles to increase by 3.5% each year, what should a car cost today if it cost $21,000 4 years ago? Round your answer to the nearest cent. ​
A)$25,525.63
B)$24,923.28
C)$24,462.21
D)$24,097.98
E)$23,803.02

Quizplus · Accepted Answer

The Answer of If inflation causes the cost of automobiles to increase by 3.5% each year, what should a car cost today if it cost $21,000 4 years ago? Round your answer to the nearest cent. ​
A)$25,525.63
B)$24,923.28
C)$24,462.21
D)$24,097.98
E)$23,803.02

If Inflation Causes the Cost of Automobiles to Increase by 3.5