home / study / business / finance / finance questions and answers / lake city's park gazebo is available for residents to rent for picnics and other gatherings. ... Question: Lake City's Park gazebo is available for residents to rent for picnics and other gatherings. You ... Lake City's Park gazebo is available for residents to rent for picnics and other gatherings. You have been tasked with building a compelling financial story to convince the city council to raise the rental rates. The rental revenue history is shown below. along with the CPI for each of the years. A. Calculate 2012 constant dollars for the rental revenue. B. Calculate 1984 constant dollars for the rental revenue. C. Create a line graph displaying the nominal dollars, 2012 constant dollars, and 1984 constant dollars across all years of data. D. How would you use these data to create a compelling financial argument to increase rental rates? Would you use all the data?

I am looking for the formula to recalculate the answers....