You expect a 3% rate of inflation to continue indefinitely into the future.A $10,000 vacation today will cost $________ twenty years from now.(Table or calculator required. )
A)10,300
B)14,988
C)18,061
D)42,944

Name: You expect a 3% rate of inflation to continue indefinitely into the future.A $10,000 vacation today will cost $________ twenty years from now.(Table or calculator required. ) A)10,300 B)14,988 C)18,061 D)42,944
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The Answer is C

You Expect a 3% Rate of Inflation to Continue Indefinitely