<PRE><B>Question 1053856</B>
 what will be the price of a $20,000.00 car in 5 years if the inflation rate is 6%? 
DO I use this formula to solve: F=P(1+r/n)nt 
I=(20,000)(0.06)(60)=7200.00
7200+20000
=27200.00
-------------------------
P(5) = 20,000*(1.06)^5 = $26,764.51
-----------
Cheers,
Stan H.
-----------</PRE>