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Question 6 The function C(t) = Co(1 + r)' models the rise in the cost of a product that has a cost of Co today,

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Question 6 The function C(t) = Co(1 + r)' models the rise in the cost of a product that has a cost of Co today, subject to an average yearly inflation rate of r for t years. If the average annual rate of inflation over the next 1 1 years is assumed to be 3.5 % , what will the inflation-adjusted cost of a $27,000 motorcycle be in 1 1 years? Round to two decimal places

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