Inflation If the annual rate of inflation averages 4% over the next 10 years, the

Chapter 3, Problem 63

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Inflation If the annual rate of inflation averages 4% over the next 10 years, the approximate costs of goods or services during any year in that decade will be modeled by where is the time in years and is the present cost. The price of an oil change for your car is presently $23.95. Estimate the price 10 years from now.

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