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-Susan Purchased a Painting in the Year 2000 For $7000\$ 7000

Question 179

Multiple Choice

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-Susan purchased a painting in the year 2000 for $7000\$ 7000 . Assuming an exponential rate of inflation of 2.9%2.9 \% per year, how much will the painting be worth 8 years later?


A) $7812.90\$ 7812.90
B) $8827.84\$ 8827.84
C) $4891.02\$ 4891.02
D) $9176.03\$ 9176.03

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