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Assume the rate of inflation is 5 % per year for the next 2 years. What will be the cost of goods 2 years from

Assume the rate of inflation is 5% per year for the next 2 years. What will be the cost of goods 2 years from now, adjusted for inflation, if the goods cost $440.00 today?
In 2 years, the same goods will cost approximately :
(Round to the nearest cent.)
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