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

Answer 1

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

Answer 2

well it tried to solve it and I got 32000

Answer 3

and that's correct