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If inflation has been running at 4.13% per year and a new car costs $17,400 today, what would it have cost 5 years ago? A

image text in transcribed If inflation has been running at 4.13% per year and a new car costs $17,400 today, what would it have cost 5 years ago? A car that costs $17,400 today would have cost $ 5 years ago. (Do not round until the final answer. Then round to the nearest cent as needed.)

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