document.write( "Question 1162505: if the rate of inflation averages r per annum over n years, the amount. A that $P will purchase after n years is A=P(1-r)^n, where r is expressed as a decimal. if the inflation rate averages 2.1%, how much will $2,000 purchase in 4 years? \n" ); document.write( "

Algebra.Com's Answer #786314 by ikleyn(52891) $\"\"$ $\"About$

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document.write( "Substitute  r = 2.1% = 0.021,  P = 2000  and  n = 4  into the formula and calculate\r\n" );
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document.write( "    A =  =  = 1837.97  today's dollars.    ANSWER\r\n" );
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