Question: The current price on a 60-inch flat panel LCD TV is $2,300. Big screen HD TV prices have dropped at an average rate of 9%

The current price on a 60-inch flat panel LCD TV is $2,300. Big screen HD TV prices have dropped at an average rate of 9% per year in recent years. If you expect this trend to continue, how much will this style of TV cost in three years?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!