Business, 10.03.2020 05:19 keananashville

Reuben would like to buy a sports car that costs $25,000 today when he graduates from college in 5 years. If the rate of inflation is expected to be 3% per year over the next 5 years, how much would Reuben expect to pay for a similar sports car in today's dollars?

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Reuben would like to buy a sports car that costs $25,000 today when he graduates from college in 5 y...