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Sagot :
The rate of inflation is 3%. The cost of an item in future years can be found by iterating the function c(x)=1.03x. Find the cost of a $1500 refrigerator in three years if the rate of inflation remains constant.
Select one:
a. $1645.00
b. $1545.00
c. $1639.09
d. $1539.99
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