When the rate of inflation is 41/2% per year and the average price of a car is

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When the rate of inflation is 41/2% per year and the average price of a car is currently $25,000, the average price after n years is P_n = $25,000(1.045)ⁿ. Compute the average
prices for the next 5 years.

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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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Question Posted: Mar 11, 2023 10:44 PM

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When the rate of inflation is 41/2% per year and the average price of a car is

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Calculus

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