Question
Find the cost of each item in 5 years, assuming an inflation rate of 9% (compounded continuously). (Round your answers to the nearest cent.) (a)
Find the cost of each item in 5 years, assuming an inflation rate of 9% (compounded continuously). (Round your answers to the nearest cent.)
(a) cup of coffee, $3.75 $ (b) Sunday paper, $2.25 $ (c) Big Mac, $4.10 $ (d) gallon of gas, $3.45 $ (e) HDTV set, $1,700 $ (f) small car, $19,000 $ (g) car, $28,000 $ (h) tuition, $27,000 $
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
