Reflects the overall consumer price index

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In 6 years, you will be able to buy 16 oranges for 34 dollars. In 20 years, you will be able to buy 24 oranges for 75 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 47 oranges today?

Reference no: EM132053125

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