If a dozen eggs cost $3.50 now, they’ll cost how much in 25 years based on inflation
Question
Answer:
Based on the average inflation rate of 3.22%, the new price of a dozen eggs after 25 years follows the equation: F = P(1+r)^t, where F = future value, P = present value, r = rate of inflation, and t = time in yearsF = ($3.50)(1.0322)^25 = $7.73
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11 months ago
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