
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:X 13.1.69
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The year 2018 price of a new car is given below. Find the estimated future prices required to fill the blanks in the chart.
2024 price
2030 price
11%
2024 price
2018 price 2% inflation 2% inflation
2030 price
11%
Item
inflation
inflation
New car
$35,900
Complete the table with the future prices using the indicated inflation rates.
2024 price
2030 price
2024 price
2030 price
11%
11%
inflation
inflation
Item
2018 price 2% inflation 2% inflation
$ 40,349.96
24
New car
$35,900
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