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If inflation causes the cost of automobiles to increase by 2.5% each year, what should a car cost today if it cost $21.000 5 years

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If inflation causes the cost of automobiles to increase by 2.5% each year, what should a car cost today if it cost $21.000 5 years ago? $23,625.00 $21,000.00 $26,801.91 $21,525.00 $23.759.57

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