Find the cost of each item in 10 years, assuming an inflation rate of (5 %). a.
Question:
Find the cost of each item in 10 years, assuming an inflation rate of \(5 \%\).
a. movie admission, \(\$ 8.00\)
b. \(\mathrm{CD}, \$ 14.95\)
c. textbook, \(\$ 120.00\)
d. electric bill, \(\$ 105\)
e. phone bill, \(\$ 45\)
f. pair of shoes, \(\$ 85\)
g. new suit, \(\$ 570\)
h. monthly rent, \(\$ 800\)
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