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. The table represents the values for the four years after the initial one. Which year has an incorrect value?

Years later

x

1

2

3

4
Purchasing Power $

y

30,080

28,275

26579

24,592
A. 1
B. 2
C. 3
D. 4