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If the rate of inflation is 3.9% per year, the future price p(t) (in dollars) of a certain item can be modeled by the following
If the rate of inflation is 3.9% per year, the future price p(t) (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. p (t)= 60(1.039)t Find the current price of the item and the price 10 years from today. Round your answers to the nearest dollar as necessary
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