Find the cost of each item in 10 years, assuming an inflation rate of (5 %). a.

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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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Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

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Question Posted: Jan 27, 2024 12:06 PM

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Find the cost of each item in 10 years, assuming an inflation rate of (5 %). a.

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The formula to calculate the future value or the cost in future is given by Future Value Present Val...View the full answer

Nature Of Mathematics

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