Question: Assuming continuous compounding, what will it cost to buy a $45 item in 3 years at the following inflation rates? a. 3% b. 4% c.

Assuming continuous compounding, what will it cost to buy a $45

Assuming continuous compounding, what will it cost to buy a $45 item in 3 years at the following inflation rates? a. 3% b. 4% c. 5% . . . a. The cost at 3% is $ (Round to the nearest cent as needed.) b. The cost at 4% is $ (Round to the nearest cent as needed.) c. The cost at 5% is $ (Round to the nearest cent as needed.)

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