Inflation If the rate of intlation is 4^% per year and theaverage price of a ear is
Chapter 8, Problem 104(choose chapter or problem)
Inflation If the rate of intlation is 4^% per year and theaverage price of a ear is ciiirently $16.0(1(1, the average priceafter ii years i-,P = SI 6,000(1.04.^1".Compute the ,i\ciage price lor the next 5 years.
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