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If the Rate of Inflation Is % Per Year

Question 5

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 $40,000, the average price after n years is . Compute the average price after 6 years. Round your answer to two decimal places. A) $32,301.59 B) $49,170.21 C) $248,400.00 D) $45,937.01 E) $231,600.00 % per year and the average price of a car is currently $40,000, the average price after n years is If the rate of inflation is % per year and the average price of a car is currently $40,000, the average price after n years is . Compute the average price after 6 years. Round your answer to two decimal places. A) $32,301.59 B) $49,170.21 C) $248,400.00 D) $45,937.01 E) $231,600.00 . Compute the average price after 6 years. Round your answer to two decimal places.


A) $32,301.59
B) $49,170.21
C) $248,400.00
D) $45,937.01
E) $231,600.00

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