Question: Please help and show steps clearly 3. (20 points) The average cost of a Model T Ford was $18,000 ten years ago. This year the

Please help and show steps clearly

3. (20 points) The average cost of a Model T Ford was $18,000 ten years ago. This year the average cost is $30,000. (a) (5 points) Calculate the average monthly inflation rate for the Model T (b) (8 points) What is the effective annual rate of inflation for the Model T (c) (7 points) Estimate what the Model T will sell for 10 years from today

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