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The Ford Model T sold for $850 in 1915 (when the CPI was 10.1). How much would the Model T cost in 1995 when adjusted

The Ford Model T sold for $850 in 1915 (when the CPI was 10.1). How much would the Model T cost in 1995 when adjusted for inflation? The CPI in 1995 was 152.4. a) $14,334.65 b) $56.33 c) $12,825.74 d) $865.09 e) $13580.20

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