Suppose that nominal GDP was $9250000.00 in 2005 in Montgomery County Maryland. In 2015, nominal GDP was $11750000.00 in Montgomery County Maryland. The price level rose 2.50% between 2005 and 2015, and population growth was 3.25%. Calculate the following figures for Montgomery County Maryland between 2005 and 2015. Give all answers to two decimals.

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase