Suppose car prices rise at a 3.2% annual rate for the next 18 years. If a car costs $23,000 today, how much will the car cost 18 years from now? Group of answer choices $36,248.00 $40,883.54 $40,547.34 $73,600.00
Suppose car prices rise at a 3.2% annual rate for the next 18 years. If a car costs $23,000 today, how much will the car cost 18 years from now? Group of answer choices $36,248.00 $40,883.54 $40,547.34 $73,600.00
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 1ECP: You accept a job with an annual income of $58,400 . This includes your salary and a $1200 year-end...
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Question
Suppose car prices rise at a 3.2% annual rate for the next 18 years. If a car costs $23,000 today, how much will the car cost 18 years from now?
Group of answer choices
$36,248.00
$40,883.54
$40,547.34
$73,600.00
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