4. An economist has predicted that there will be a 7% per year infl ation of prices...

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4. An economist has predicted that there will be a 7% per year infl ation of prices during the next ten years. If this prediction proves to be correct, an item that presently sells for $10 would sell for what price in ten years?

a. $5.08

c. $17.00

b. $10.70

d. $19.67

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Fundamentals Of Engineering Economic Analysis

ISBN: 9781118414705

1st Edition

Authors: John A. White, Kellie S. Grasman, Kenneth E. Case, Kim LaScola Needy, David B. Pratt

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Question Posted: Nov 07, 2024 08:01 AM

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4. An economist has predicted that there will be a 7% per year infl ation of prices...

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Fundamentals Of Engineering Economic Analysis

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