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Question 1 (3 points) Suppose a new car today costs $35,000. If annual inflation for cars over the next 5 years is 5.6%, what is

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Question 1 (3 points) Suppose a new car today costs $35,000. If annual inflation for cars over the next 5 years is 5.6%, what is the cost of a similar new car in 5 years? $26,653 $45,961 $44,800 $36,960 $25,200

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