Mathematics, 22.03.2021 23:10 hamada11617

If the rate of inflation is 3.9% per year, the future price p (t) (in dollars) of a certain item can be modeled by the following exponential function, whereby is the number of years from today p (t) = 800 (1.039) ^t Find the current Price of the item and the price nine years from today. Round your answer to the nearest dollar as necessary.

Current price: $

Price 9 years from today: $

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If the rate of inflation is 3.9% per year, the future price p (t) (in dollars) of a certain item can...

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