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OpenStudy (juana02):
help!!!
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OpenStudy (juana02):
OpenStudy (anonymous):
Pn means the price after n years ( P10---after 10 years).... P means the price today.( 8 dollars)...r means the rate of inflation per one year( in this problem r=3%=3/100=0.03)...n=years....so.... P10=8*(1+0.03)^10.....P10=10.75
OpenStudy (juana02):
thanks for explanation
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