Question: Question 7 12.5 points (CHAPTER 5) In 1960, the average price for one-carat diamond was around $2,500. Since then, the diamond price has increased to

Question 7 12.5 points (CHAPTER 5) In 1960, the average price

Question 7 12.5 points (CHAPTER 5) In 1960, the average price for one-carat diamond was around $2,500. Since then, the diamond price has increased to around $30,000 in 2015. If the price for one-carat diamond continues rising at the same annual rate, at which it's been increasing between 1960 and 2015, the price in 2029 will be _dollars. (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10,000.23. Do NOT use "$" in your answer.)

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