According to one simplified model, the purchasing power of a dollar in the year 2000 + t is equal to P ( t ) = 0.68(1.04) ⁻ t (in 1983 dollars). Calculate the predicted rate of decline in purchasing power (in cents per year) in the year 2014.(Round your answer to two decimal places.)

Answer rating: 100% (QA)

Given that P t 068 104 t First note th... View the full answer