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:-

Q: (5) The present value that will give a future value S in 4 years with interest compounded annually…

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Q: The rate of a continuous money flow starts at $700 and increases exponentially at 4% per year for 20…

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

Q: The present value that will give a future value S in 4 years with interest compounded annually…

A: Let the present value be P (in $) Given: Future value is S            Money is invested for 4 years…

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Q: (5) The present value that will give a future value S in 4 years with interest compounded annually…

A: Given that the future value is denoted by S. Also let the present value that will give a future…

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Q: Suppose an investment of $5000 is compounded continuously at an annual interest rate of 4%. At the…

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Q: If $7,000 is invested at an interest rate of 5% per year, compounded continuously, find the value of…

A: The value of the investment after 8 years is $ 10442.77 .Explanation:Amount invested (P)=$7000 Rate…

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A: Interest Rate = 4.6% (per annual) he contionus same grouth per annual then  intrest rate will be…