If the rate of inflation is 2.2% per year, the future pricep() (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. p(1) = 600(1.022)' %3D Find the price of the item 5 years from today and 10 years from today. Round your answers to the nearest dollar as necessary. Price 5 years from today: Price 10 years from today: s

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A: Solution:-

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A: Initial Amount (P0): $700 R = 4% = 0.04

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A: Step 1: Step 2: Step 3: Step 4:

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Q: ers to th

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