Find the cost of each item in 6 years, assuming an inflation rate of 9% (compounded continuously). (Round your answers to the nearest cent.) (a) cup of coffee, $3.25 $ (b) Sunday paper, $2.75 $ (c) Big Mac, $4.10 $ (d) gallon of gas, $3.65 $ (e) HDTV set, $1,600 $ (f) small car, $19,000 $ (g) car, $29,000 $ (h) tuition, $26,000 $
Find the cost of each item in 6 years, assuming an inflation rate of 9% (compounded continuously). (Round your answers to the nearest cent.) (a) cup of coffee, $3.25 $ (b) Sunday paper, $2.75 $ (c) Big Mac, $4.10 $ (d) gallon of gas, $3.65 $ (e) HDTV set, $1,600 $ (f) small car, $19,000 $ (g) car, $29,000 $ (h) tuition, $26,000 $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter2: Linear Equations
Section2.1: Writing Equations
Problem 29PPS
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Question
Find the cost of each item in 6 years, assuming an inflation rate of 9% (compounded continuously). (Round your answers to the nearest cent.)
(a) cup of coffee, $3.25
$
(b) Sunday paper, $2.75
$
(c) Big Mac, $4.10
$
(d) gallon of gas, $3.65
$
(e) HDTV set, $1,600
$
(f) small car, $19,000
$
(g) car, $29,000
$
(h) tuition, $26,000
$
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