6) Please Explain :) A) Suppose a Toyota Camry costs $125,000 in the year...
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6)
Please Explain :)
A) Suppose a Toyota Camry costs $125,000 in the year 2045. The identical car costs $31,000 in 2013. What is the rate of inflation on the Camry over this period?
B) Suppose a Toyota Camry costs $125,000 in the year 2045. The identical car costs $31,000 in 2013. What is Camry likely going to cost in the year 2030?
C) Suppose a Toyota Camry costs $125,000 in the year 2045. The identical car costs $31,000 in 2013. In what year will you have to pay $200,000 for a Toyota Camry?
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