you are planning on purchasing a new car and have your eye on a specific model. you know that new car prices projected to increase at a rate of 5%per year for the next few years

Question

you are planning on purchasing a new car and have your eye on a specific model. you know that new car prices projected to increase at a rate of 5%per year for the next few years
find the cost of the car 4 years from now if the curent price is 27,000. Write the equation that represents the projected cost C and provide a solution for the problem.

TutorCat · Answer

http://arnoldkling.com/econ/GMU/growthArith.htm