Suppose that the annual rate of inflation averages 4.5% over the next 10 years. With
Chapter 4, Problem 19(choose chapter or problem)
Suppose that the annual rate of inflation averages 4.5% over the next 10 years. With this rate of inflation, the approximate cost of goods or services during any year in that decade will be given by where is time in years and is the present cost. If the price of a baseball game ticket is presently $14.95, estimate the price 10 years from now.
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