Find the Cost of a CD in 20 Years, Assuming

question 237

Short Answer

Find the cost of a CD in 20 years, assuming that it costs $18.10 today and the annual inflation rate will be 4%.
$ __________

---

Definitions:

Sales Presentation

A structured speech or pitch designed to persuade an audience to purchase a product or service, featuring benefits, demonstrations, and compelling arguments.

Entertains

To hold the attention of an audience by amusing or engaging them, often used in the context of performance arts or media.

Validates

Confirms or supports something as true, valuable, or worthwhile.

Persuasive

Having the power to convince or influence others towards a certain viewpoint or action through logical reasoning, emotional appeal, or other techniques.