Multiple Choice
In 1986,Ken bought a Ford Mustang for $8,000.If the price index was 122 in 1986 and the price index was 280 in 2011,then what is the price of the Mustang in 2011 dollars?
A) $3,485.71
B) $8,100.71
C) $18,360.66
D) $22,400.00
Correct Answer:
Verified
Correct Answer:
Verified
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