Question: The function C(0) Co(1+r)' models the rise in the cost of a product that has a cost of Co today, subject to an average

The function C(0) Co(1+r)' models the rise in the cost of a

The function C(0) Co(1+r)' models the rise in the cost of a product that has a cost of Co today, subject to an average yearly inflation rate of r for r years. If the average annual rate of inflation over the next 14 years is assumed to be 2.5 %, what will the inflation-adjusted cost of a $111,300 boat be in 14 years? Round to two decimal places

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