Perfectly reflects the overall consumer price index

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Reference no: EM132049728

In 5 years, you will be able to buy 16 oranges for 34 dollars. In 18 years, you will be able to buy 26 oranges for 77 dollars. If we assume that the annual rate of inflation stays fixed and that the cost of oranges perfectly reflects the overall consumer price index (CPI), how much would it cost to buy 35 oranges today?

Reference no: EM132049728

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