Find the cost of each item in 7 years, assuming an inflation rate of 8% (compounded continuously). (Round your answers to the nearest cent.) (a) cup of coffee, $3.75 $ (b) Sunday paper, $2.75 $ (c) Big Mac, $4.10 $ (d) gallon of gas, $3.25 $

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Find the cost of each item in 7 years, assuming an inflation rate of 8% (compounded continuously). (Round your answers to the nearest cent.)

(a) cup of coffee, $3.75
$

(b) Sunday paper, $2.75
$

(c) Big Mac, $4.10
$

(d) gallon of gas, $3.25
$
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