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In 1960, the average cost of a standard automobile was $1,100. Currently, the cost of a standard automobile in 2020 is $33,500. What is the
In 1960, the average cost of a standard automobile was $1,100. Currently, the cost of a standard automobile in 2020 is $33,500. What is the average cost of an automobile a person can expect to pay in the year 2030 if the cost is assumed to increase in a linear fashion?
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