Business, 28.04.2021 17:00 sb6998

SMITHNM13 11.7.060. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER In 1982 the inflation rate hit 16%. Suppose that the average cost of a textbook in 1982 was $25. What was the expected cost in the year 2017 if we project this rate of inflation on the cost? (Assume continuous compounding. Round your answer to the nearest cent.)

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SMITHNM13 11.7.060. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER In 1982 the inflation rate hit 16%. S...