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If the Rate of Inflation Is Per Year and the Average

Question 29

Multiple Choice

If the rate of inflation is If the rate of inflation is per year and the average price of a car is currently $35,000, the average price after n years is . Compute the average price after 8 years. Round your answer to two decimal places. A) $22,259.86 B) $53,714.03 C) $295,400.00 D) $46,685.40 E) $264,600.00 per year and the average price of a car is currently $35,000, the average price after n years is If the rate of inflation is per year and the average price of a car is currently $35,000, the average price after n years is . Compute the average price after 8 years. Round your answer to two decimal places. A) $22,259.86 B) $53,714.03 C) $295,400.00 D) $46,685.40 E) $264,600.00 . Compute the average price after 8 years. Round your answer to two decimal places.


A) $22,259.86
B) $53,714.03
C) $295,400.00
D) $46,685.40
E) $264,600.00

Correct Answer:

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