Chapter 4.1, Problem 16E

Reminder Round all answers to two decimal places unless otherwise indicated.

An Expensive Book A scientist visited Amazon.com to purchase a book. To his amazement, he found the book priced at $\$23,698,655.93$. He discovered that there were two vendors selling this book on Amazon, and each was using a computer to adjust the price based on the other seller’s price. The result was that each day the first vendor’s price was multiplied by $1.27$. Assume that the initial price was $\$134.27$, and determine how many days it took for the first vendor’s price to reach the exorbitant figure above. Round your answer to the nearest day.