document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1111601>Question 1111601</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The price of milk has been steadily increasing 5% per year. If the cost of a gallon is now $3.89:<BR>\n" );
document.write( "a. What will it cost in 10 years?\r<BR>\n" );
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document.write( "b. What did it cost 5 years ago? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #726609 by </B><A HREF=/tutors/aboutme.mpl?userid=TeachMath><B>TeachMath(96)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=TeachMath><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=726609\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Price 5 years ago = P, and so: 3.89 = P(1 + .05)^5<BR>\n" );
document.write( "P = 3.89/(1 + .05)^5 = 3.047292 = $3.05\r<BR>\n" );
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document.write( "No other answer is correct! </SPAN>\n" );
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