Mathematics, 29.06.2021 01:00 aaliyah80
The rate of inflation measures the percentage increase in the price of consumer goods. The rate of inflation in the year 2014 was 2% per year. To get a sense of what this rate would mean in the long run, let's suppose that it persists through 2034.
What would be the cost in 2034 of an item that costs $100 in 2014? (Round your answer to the nearest cent.)
$
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The rate of inflation measures the percentage increase in the price of consumer goods. The rate of i...
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