Mathematics, 11.02.2021 01:20 marissalwilliams3
Fifty years ago, Grandma Teresa purchased a set of gold-plated dinnerware for $48 and last year you inherited it. Unfortunately, a fire in your home destroyed the set. Your insurance company is not able to define the replacement cost and has asked for your help. You do some research and find that the Aurum Flatware Cost Index (AFCI) for gold-plated dinnerware, which was 127 when Grandma Teresa bought her set but is at 1989 today. Use the AFCI to update the cost of Granma Teresa’s set to today’s cost to show the insurance company.
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Fifty years ago, Grandma Teresa purchased a set of gold-plated dinnerware for $48 and last year you...
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