Let y = 32,000(0.94)x represent the purchasing power of $32,000 with an inflation rate of 6% per year, where x represents the number of years. What is the purchasing power when x = 0?

$94,000

$30,080

$32,000

$64,000

Question

Let y = 32,000(0.94)x represent the purchasing power of $32,000 with an inflation rate of 6% per year, where x represents the number of years. What is the purchasing power when x = 0?

		
$94,000
 		
$30,080
 		
$32,000
 		
$64,000

anonymous · Answer

what's your attempt for this one?
$$32000*0.94^x$$
x=0

anonymous · Answer

well it tried to solve it and I got 32000

anonymous · Answer

and that's correct