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If the rate of inflation is 2.8 per year,

/in /by

If the rate of inflation is 2.8 per year, the future price pt tpt =
(in dollars) of a certain item can be modeled by the following exponential function, where is the number of years from today.

3000 (1.028)t

Find the current price of the item and the price 9

years from today.

 
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