Multiple Choice
If the rate of inflation is per year and the average price of a car is currently $35,000, the average price after n years is
. Compute the average price after 8 years. Round your answer to two decimal places.
A) $22,259.86
B) $53,714.03
C) $295,400.00
D) $46,685.40
E) $264,600.00
Correct Answer:

Verified
Correct Answer:
Verified
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