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6. Assuming an annual inflation rate of 3.5%, how much did an item that sells for $100 today cost four years ago? Houston Community College

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6. Assuming an annual inflation rate of 3.5%, how much did an item that sells for $100 today cost four years ago? Houston Community College System NWC Test 3 only M1324 7. Payments of $500 are made at the beginning of each quarter for 7 years in an account paying 8% interest, compounded quarterly. Find the future value of this annuity due

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