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Provide an Appropriate Response

Question 3

Multiple Choice

Provide an appropriate response.
-Inflation is causing prices to rise at a rate of 6% per year. Use the exact double time formula to determine what the price will be in 4 years if the item costs $100 today.


A) $100.24
B) $126.25
C) $100.28
D) $100.06

Correct Answer:

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