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Suppose the inflation rate is 7% per year. How much would a $24 pair of sneakers cost in 8 years? Estimate your answer to 2 places after the decimal.

Suppose the inflation rate is 7% per year. How much would a $24 pair of sneakers cost in 8 years? Estimate your answer to 2 places after the decimal.
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1 vote
Suppose the inflation rate is 7% per year. How much would a $24 pair of sneakers cost in 8

years? Estimate your answer to 2 places after the decimal.

asked
User Dowi
by
8.5k points

1 Answer

6 votes

Answer:

the answer to your question is $25.81

answered
User Dividius
by
8.3k points
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