Mathematics, 03.02.2021 20:10 Andrewecolt1993

If the rate of inflation is 2.5% per year, the future price p(t) (in dollars) of a certain item can be modeled by the following exponential function, where is the number of years from today.
p(t)=600(1.025)^t
Find the current price of the item and the price 9 years from today.
Round your answers to the nearest dollar as necessary.

current price:

price 9 years from today:

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