Calculate future price

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In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day. At that rate, how much would a $14 wool blanket cost one week later?

Hint: Use the following equation to calculate future price: Future price = (current price) × (inflation rate)t, where t is the number of days in the future.

Instructions: Round your response to one decimal place.

Reference no: EM133066486

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