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Assume that the expected inflation rate for the next 10 years is 8.4% per year. If the current price of a gallon of gas in

Assume that the expected inflation rate for the next 10 years is 8.4% per year. If the current price of a gallon of gas in Atlanta is $3.15 per gallon, and if the price of gasoline increases at 8.4% per year for the next 12 years, what is the projected price of a gallon of gasoline exactly 12 years from today (i.e., in 2035)

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