1. A house that 20 years ago was worth $160,000 has increased in value by 4% each...

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1. A house that 20 years ago was worth $160,000 has increased in value by 4% each year because of inflation. What is its worth today?

2. If inflation causes the cost of automobiles to increase by 3% each year, what should a car cost today if it cost $25,000 6 years ago?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:34 AM

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1. A house that 20 years ago was worth $160,000 has increased in value by 4% each...

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Mathematical Applications for the Management Life and Social Sciences

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