Cost due to inflation, Use S= C(1+r/100)^5 to find the

Cost due to inflation

Reference no: EM13119496

Use S= C(1+r/100)^5 to find the inflated cost S, in 5 years, of an item, good or service, where C= (17,908.02 KRW) is the current price of that item in that country's currency (the South Korean Won) and where the inflation rate is r% = (4.1percent ). Choose any value of C, the current price of an item in that country's currency.

Reference no: EM13119496

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