Question
Asked Sep 15, 2019
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Find the cost of each item in 11 years, assuming an inflation rate of 11% (compounded continuously). (Round your answers to the nearest cent.)

(a) phone bill, $32


(b) pair of shoes, $62


(c) new suit, $395


(d) monthly rent, $650
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The future value of the costs can be determined through muliplying the costs with the Future Value muliplier which can be determined through...

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