You Expect a 3% Rate of Inflation to Continue Indefinitely

question 36

Multiple Choice

You expect a 3% rate of inflation to continue indefinitely into the future.A $10,000 vacation today will cost $________ twenty years from now.(Table or calculator required. )

• A)10,300
• B)14,988
• C)18,061
• D)42,944

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Definitions:

Acetabulum

The cup-shaped socket in the pelvis that receives the head of the femur, forming the hip joint.

Tarsals

The seven bones constituting the ankle and heel forming part of the foot.

Carpals

The eight small bones that form the wrist, connecting the hand to the forearm.

Upper Limb

The region of the human body comprising the arm, forearm, wrist, and hand.