leickelber leickelber
  • 13-09-2020
  • Mathematics
contestada

In 1988, a certain model of car cost $17000. What would be the cost of that car in 2017 dollars?

Respuesta :

Tundexi
Tundexi Tundexi
  • 13-09-2020

Answer:

$66,092.50

Step-by-step explanation:

In 1988, the car cost $17,000

Annual inflation over this period was 3.54% from 1988 to 2017

After adjusted for inflation, $17,000.00 in 1978 is equal to $66,092.50 in 2017

Therefore, the cost of that car in 2017 is closest to $66,092.50

Answer Link

Otras preguntas

For specific information about your vehicle's warning alerts, you should examine the: a) vehicle's owner's manual b) price sticker c) internet d) dealership whe
give a rate of growth y=5(1.27)^x
Germany makes own laws called what
Which of the following did not contribute to the return of civilian governments in many Latin American nations in the 1980s: A) The public lost faith in the mul
Wiring diagrams contain large amounts of information in the form of _____.a. Linesb. Symbolsc. Wordsd. Both A and B
How many isomers for c2hcl5
Given that sin (0) necessary. -√7/5 , and is in Quadrant III, what is cos(0)? Give your answer as an exact fraction with a radical, if Provide your answer bel
Simplify x(x-9)(x 4)/6x(3x3x3)(x 4)(x-9)
Ivan and Tanya share £180 in the ratio 5 : 1 Work out how much more Ivan gets compared to Tanya.
A gas grill works according to the combustion of propane gas (C3H8) to produce heat and flames: C3H8+502>3CO₂ + 4H₂O One day after grilling you forget to t