Question: Problem 1 6 - 0 7 Assume that the rate of inflation is 4 percent and continues indefinitely and that the cost of carrently $

Problem 16-07
Assume that the rate of inflation is 4 percent and continues indefinitely and that the cost of carrently $24,000. How much will that car cost 22 years from today? Round your answer to the nearest dollar.
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Problem 16-07 Assume that the rate of inflation is 4 percent

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