Solution-Find the current price of the item

Find the current price of the item

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Reference no: EM131312054

If the rate of inflation is 2.6% per year, the future price pt (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. =pt15001.026t Find the current price of the item and the price 8 years from today. Round your answers to the nearest dollar as necessary.

Reference no: EM131312054

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Find the current price of the item

Reference no: EM131312054

Reference no: EM131312054

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