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OpenStudy (anonymous):
You are planning on purchasing a new car and have your eye on a specific model. You know that new car prices are projected to increase at a rate of 5% per year for the next few years. Find the cost of the car 4 years from now if the current price is $27,000. Write the equation that represents the projected cost C and provide a solution for the problem. a. $115,751.53 c. $106,666.67 b. $32,818.67 d. $113,400
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