A professional athlete signs a two-year contract in which the earnings c can be modeled by 2,200,000 + 800,000t,  where t represents the year.   a) Find the actual value of the athlete's contract in dollars. b)Assuming an annual inflation rate of 5%, what is the present value of the contract in dollars? (Round your answer to the nearest cent.)

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Q: If the average inflation rate is 4%, how long is it until purchasing power is cut in half?

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Q: a) Determine the simple interest rate at which $10,000 will grow to $10,500 in 10 months.

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Q: The average inflation rate of the U.S. dollar over the last six years is 2.8% per year.  If a new…

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Q: A. A$10,000 certificate of deposit earns simple interest of 8 percent per year. Calculate the total…

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Q: (a) If the inflation rate is 6%, how much will a house now worth $465, 000 be worth in 10-years? (b)…

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