SOLUTION: This is a word problem that i am not so good with can someone please help! The cost of a new car is $18,000 this year. If the annual rate of in inflation is 5%, what would a new ca

SOLUTION: This is a word problem that i am not so good with can someone please help! The cost of a new car is $18,000 this year. If the annual rate of in inflation is 5%, what would a new ca

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Question 93766This question is from textbook
: This is a word problem that i am not so good with can someone please help! The cost of a new car is $18,000 this year. If the annual rate of in inflation is 5%, what would a new car be expected to cost in 5 years? This question is from textbook

Answer by checkley75(3666) (Show Source): You can put this solution on YOUR website!
18,000(1.05)^5
18,000*1.27628=22,973 ANSWER.
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