Multiple Choice
If inflation causes the cost of automobiles to increase by 3.5% each year, what should a car cost today if it cost $21,000 4 years ago? Round your answer to the nearest cent.
A) $25,525.63
B) $24,923.28
C) $24,462.21
D) $24,097.98
E) $23,803.02
Correct Answer:
Verified
Correct Answer:
Verified
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