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If the rate of inflation is 2.5% per year, the future price p(t)...

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If the rate of inflation is 2.5% per year, the future price p(t)...

If the rate of inflation is 2.5% per year, the future price p(t)  (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today.

 

p(t)=600(1.025)t

Find the price of the item 5 years from today and 10 years from today.
Round your answers to the nearest dollar as necessary.

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Answered by ConstableResolveDinosaur21 on coursehero.com

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