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Business, 16.11.2019 07:31 ProfS3770

"the function c(t)=c(1+r)t models the rise in the cost of a product that has a cost of c today, subject to an average yearly inflation rate of r for t years. if the average annual rate of inflation over the next 14 years is assumed to be 1.5%, what will the inflation-adjusted cost of a $285,700 boat be in 14 years? round to two decimal places."

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