ECONOMICS If the rate of inflation is 2%, the cost of an item in future years can be
Chapter 11, Problem 29(choose chapter or problem)
ECONOMICS If the rate of inflation is 2%, the cost of an item in future years can be found by iterating the function c(x) = 1.02x. Find the cost of a $70 MP3 player in four years if the rate of inflation remains constant.
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