If you purchase an automobile for $20,000 in 2004 and inflation is 4 percent, how much would

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If you purchase an automobile for $20,000 in 2004 and inflation is 4 percent, how much would a similar automobile sell for four years from then? To solve this problem you would use the formula for the

	a.	internal rate of return.
	b.	present value of a lump sum.
	c.	bank discount.
	d.	future value of a lump sum.

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Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

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Posted Date: Jun 02, 2022 09:28 PM

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If you purchase an automobile for $20,000 in 2004 and inflation is 4 percent, how much would

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Answer OPTION D Future value of a lump sum Sol... View the full answer

Introduction to Management Science

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