Suppose car prices rise at a 3.2% annual rate for the next 18 years. If a car costs $23,000 today, how much will the car cost 18 years from now? Group of answer choices $36,248.00 $40,883.54 $40,547.34 $73,600.00
Suppose car prices rise at a 3.2% annual rate for the next 18 years. If a car costs $23,000 today, how much will the car cost 18 years from now? Group of answer choices $36,248.00 $40,883.54 $40,547.34 $73,600.00
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Suppose car prices rise at a 3.2% annual rate for the next 18 years. If a car costs $23,000 today, how much will the car cost 18 years from now?
Group of answer choices
$36,248.00
$40,883.54
$40,547.34
$73,600.00
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