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Assuming a 3 % annual increase in the price of automobiles, how much will a new car cost you 5 years from now, if today's

Assuming a 3% annual increase in the price of automobiles, how much will a new car cost you 5 years from now, if today's price is $38,000?
a) Is it a single sum or an annuity.
b) Write here what you are looking for
c) Fill in the following.
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