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The current price of a Ford Explorer is $30,000. Suppose that Ford does not upgrade its model for the next year. However, the price increase
The current price of a Ford Explorer is $30,000. Suppose that Ford does not upgrade its model for the next year. However, the price increase of a Ford Explorer is in line with the annual inflation rate of 6.4%. What will be the price of a Ford Explorer in one year? Round your answer to the nearest dollar. Do not type the $ symbol.
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