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A product costs $500 today. If the inflation rate is 3% per year, what will be t

Practice Questions

Q1
A product costs $500 today. If the inflation rate is 3% per year, what will be the cost of the product in 5 years?
  1. $575
  2. $600
  3. $615
  4. $625

Questions & Step-by-Step Solutions

A product costs $500 today. If the inflation rate is 3% per year, what will be the cost of the product in 5 years?
No concepts available.
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