If the rate of inflation is per year and the average price of a car is currently $35,000, the average price after n years is . Compute the average price after 8 years. Round your answer to two decimal places.
A) $22,259.86
B) $53,714.03
C) $295,400.00
D) $46,685.40
E) $264,600.00

Question

If the rate of inflation is  per year and the average price of a car is currently $35,000, the average price after n years is  . Compute the average price after 8 years. Round your answer to two decimal places.
A) $22,259.86 
B) $53,714.03 
C) $295,400.00 
D) $46,685.40 
E) $264,600.00

Quizplus · Accepted Answer

The Answer of If the rate of inflation is  per year and the average price of a car is currently $35,000, the average price after n years is  . Compute the average price after 8 years. Round your answer to two decimal places.
A) $22,259.86 
B) $53,714.03 
C) $295,400.00 
D) $46,685.40 
E) $264,600.00

If the Rate of Inflation Is Per Year and the Average